On Friday, Donald Trump is threatening to use his emergency economic powers or an executive order to ban the popular TikTok in the US.
“I have that authority,” he said then added: ‘It’s going to be signed tomorrow.
TikTok made headlines in June after teen users used the platform to sabotage Donald Trump’s Tulsa, Oklahoma rally by requesting tickets that had no intention of using.
An anonymous source within the White House told Bloomberg that Trump is expected to order ByteDance to divest ownership of TikTok.
Several reports suggest that US tech giants and financial firms are interested in buying or investing in TikTok because the Trump administration has set its sights on it.
Both the New York Times and Fox Business have cited an unidentified source, reported Microsoft has been in talks to buy TikTok.
Microsoft declined to comment on the rumor.
On Friday, TikTok issued a statement saying that ‘While we do not comment on rumors or speculation, we are confident in the long-term success of TikTok.”
TikTok was launched by ByteDance in 2017. The company then bought Musical.ly, a video service popular with teens in the US and Europe, and combined the two.
You can hear Trump’s comments on TikTok in the video below.