
Video sharing platform TikTok was given a reprieve on Friday after US President Donald Trump announced he would be signing an executive order to keep it running in the United States for another 75 days, giving his administration more time to find a new American owner.
The order was announced as White House officials believed they were nearing a deal for the app’s operations to be spun off into a new company based in the US and owned and operated by a majority of American investors, with current Chinese owners ByteDance maintaining a minority position, according to a person familiar with the matter.