President Trump plans to seize TikTok from its Chinese owner, Bloomberg reports

President Trump plans to seize TikTok from its Chinese owner, Bloomberg reports

President Donald Trump intends to sign an order directing the Board to sell its US-owned TikTok video-sharing program. according to: Bloomberg. The order, which could be announced Friday afternoon, will be presented to the US Foreign Investment Board (CFIUS) to force the temptation to slow down, as it did last year against Grindr against Chinese investors.

US Secretary of State Mike Pompeo announced earlier this month Fox News that the Trump administration was “certainly looking” at the banned TikTok in the country, pausing to explain how it intended to do so.

“We take it very seriously. We are, of course, looking at it, “Pompeo said at the time. “In the case of Chinese people’s mobile phone applications, the United States will also get this one.”

TikTok did not immediately respond to a request for comment.

Bloomberg The order may be announced before noon on Friday. Fox Business reporter confirmed the reportsciting Microsoft as a potential buyer. Acquired Bytedance in 2017 Musical.ly:, a $ 1 billion lip synchronization program, renamed it TikTok.

Both Congress and the Trump administration have been skeptical of TikTok and its parent company, Betendens, for years. In November last year, the US Foreign Investment Committee launched a national security investigation into the program after politicians expressed concern about the company’s privacy policy and its alleged relationship with the Chinese Communist Party.

TikTok has repeatedly denied sharing any user data with the Chinese government.

It is being developed …

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