Trump’s TikTok Deal: Potential Regulation and Sales Share Impact Explained

On January 21st, former U.S. President Trump indicated that the future of TikTok in the United States may hinge on potential negotiations that could impose significant regulatory frameworks on the platform. He expressed a favorable view of TikTok, stating, “I have a particular fondness for TikTok.” Trump elaborated on the uncertainty of the situation, noting, “There could be a deal with TikTok, and there could be no deal. However, if an agreement is reached, it is crucial that we secure a substantial share of the financial returns.” He emphasized that without a successful negotiation, the platform could face closure in the U.S. Furthermore, Trump has taken formal steps by signing an executive order related to the social media application, underscoring the seriousness of these discussions and their potential impact on the digital landscape.

Source: https://en.coinotag.com/breakingnews/trumps-tiktok-deal-potential-regulation-and-sales-share-impact-explained/