As the TikTok negotiations run into trouble, President Trump has indicated he has no intention of extending a ban deadline of September 15.
TikTok has earned the ire of US officials with repeated accusations of privacy and security violations. As a result, officials have repeatedly labeled it a threat to national security and Trump announced a ban that is scheduled to go into effect September 15.
Microsoft and Walmart joined forces and emerged as early frontrunners to buy the social media platform’s US operations. Oracle also expressed interest, with Trump speaking favorably about a possible deal. Unfortunately, for the first time in years, the Chinese government altered its export rules to prohibit selling technologies that include AI, impacting TikTok’s algorithm.
It’s unclear if a deal will be able to be reached, although Trump has made it clear there will be no extension granted.