Will TikTok find a way to remain legal in the U.S. under a new ownership structure? A range of possible new owners for TikTok in the U.S. — including MrBeast, Elon Musk and Oracle founder Larry Ellison — have emerged as a federal law banning TikTok in the country went into effect this Sunday,
YouTube personality “MrBeast” Jimmy Donaldson and a group of investors tapped Brad Bondi, the brother of President Donald Trump’s pick to run the Justice Department, for legal advice on their bid to buy TikTok.
A string of big names from the world of tech and even the US government have been touted as potential new owners of the social media giant. It comes after President Trump signed an executive order giving the company 75 days to convince officials it does not threaten national security.
US President Donald Trump has signed an executive order granting TikTok a 75-day extension to comply with a law banning the app if it is not sold. The social media platform briefly went dark in the US days before Trump took office, after the Supreme Court denied a bid by its Chinese owner ByteDance to overturn the legislation.
Trump's most recent plan for TikTok centers on demands that the United States be given a 50% ownership position in the app under any proposed deal.
TikTok’s time will expire on Jan. 19 if no buyer is found or the Supreme Court rules in the app’s favor. Here’s what to know.