Would you like to receive notifications on latest updates of the following headlines?

Trump to reinstate TikTok operations in U.S on Monday, seek 50% ownership

POSTED ON January 20, 2025 •   TECHNOLOGY      BY Abiodun Saheed Omodara
Donald Trump and TikTok

UNITED STATE- US President-elect Donald Trump has announced on Saturday that he plans to reinstate TikTok's operations in the U.S. via an executive order, expressing his desire for America to hold a 50% stake in the social media platform.

“I’m urging companies not to let TikTok remain inactive! I will sign an executive order on Monday to delay the enforcement of the law’s restrictions, allowing us to negotiate a deal that safeguards our national security,” Trump stated on Truth Social.

As the president elect prepares to take office as the 47th President of the United States on Monday, he emphasized that the U.S. should possess a 50% share in the platform.

“I envision the United States having a 50% ownership in a joint venture. This approach would preserve TikTok, ensure it remains in responsible hands, and keep it operational. Without U.S. endorsement, TikTok cannot exist. With our backing, it could be valued at hundreds of billions—potentially trillions. Thus, my preliminary idea is to establish a joint venture involving the current and/or new owners, where the U.S. secures a 50% stake in a partnership formed between the U.S. and any chosen buyer,”  Trump elaborated.

TikTok ceased its operations in the U.S. on Sunday after a law mandated its owner to either sell the platform to an American entity or face a ban in the country.

On Friday, the U.S. Supreme Court rejected an appeal against the legislation prohibiting TikTok. The Supreme Court, citing “national security,” determined that the law aimed to protect user data from the platform's Chinese ownership. “TikTok possesses unique traits—a foreign adversary’s capacity to exploit its control over the platform to gather extensive personal data from 170 million U.S. users,” the Supreme Court ruling stated.

Related Article

TikTok Temporarily Suspends Operations in the U.S. Before Ban Takes Effect

Venezuela slams TikTok with $10m fine amid offensive challenge

EU probes YouTube, TikTok others for content breach

READ ALSO
NCC, REA Forge Partnership to Enhance Rural Connectivity and Energy Solutions
BY Abiodun Saheed Omodara July 3, 2025 0

The Nigerian Communications Commission (NCC) and the Rural Electrification Agency (REA) have officia...

READ ALSO
Microsoft Cuts 4% of Workforce Amid AI Investment Strategy
BY Abiodun Saheed Omodara July 2, 2025 0

Microsoft is set to lay off nearly 4% of its workforce, impacting around 9,000 employees across diff...

READ ALSO
Elon Musk's Robotaxi Ambitions Take Off in Austin amid Controversy
BY Abiodun Saheed Omodara June 22, 2025 0

Tesla is set to start its robotaxi service in Austin on Sunday, a move that supporters of Elon Musk...

READ ALSO
Tanzania,  Nigeria Lead Africa in Rising Fraud Rates- Report
BY Abiodun Saheed Omodara June 19, 2025 0

Tanzania and Nigeria have emerged as the leading countries in Africa for higher fraud rates, accordi...

READ ALSO
OpenAI Secures $200m Contract with US Department of Defense
BY Abiodun Saheed Omodara June 17, 2025 0

The US Department of Defense on Monday awarded OpenAI a $200 million contract to utilize generative...

READ ALSO
60,000 Nigerians Abroad Register on Diaspora Data Mapping Portal
BY Abiodun Saheed Omodara June 3, 2025 0

Approximately 60,000 Nigerians residing overseas have registered on the Diaspora Data Mapping Portal...

READ ALSO
Federal Ministry Unveils Digital Village to Bridge Digital Divide in Abuja Community
BY Abiodun Saheed Omodara May 30, 2025 0

The Federal Ministry of Communications, Innovation and Digital Economy has launched a Digital Villag...

READ ALSO
FG Unveils Project CNG-SPROUT to Revolutionize Campus Transport with Clean Energy
BY Abiodun Saheed Omodara May 30, 2025 0

The federal government has launched a transportation initiative called "Project CNG-SPROUT," designe...

OUR CHANNELS:

Obama’s Debunk Report on Divorce
BY Abiodun Saheed Omodara July 18, 2025 0

Former U.S. President Barack Obama and his wife, Michelle, have put to rest rumors regarding their m...


Bayelsa Govt. Cautions Principal Officers on Pension Delay
BY Abiodun Saheed Omodara July 18, 2025 0

The Bayelsa State Government has cautioned principal officers of local government councils to avoid...


NLC Decries Nigeria's Poor Labor Rights Record as National Disgrace
BY Abiodun Saheed Omodara July 18, 2025 0

The Nigeria Labour Congress (NLC) has expressed its worries about the nation's inadequate performanc...


Israeli Strike Hits Catholic Church in Gaza, Killing Two Civilians
BY Abiodun Saheed Omodara July 18, 2025 0

An Israeli airstrike on Gaza's sole Catholic Church resulted in the deaths of two individuals on Thu...


SSC Napoli Completes €25 Million Deal for Noa Lang from PSV
BY Abiodun Saheed Omodara July 17, 2025 0

Serie A champions Napoli confirmed on Thursday that they have signed Dutch forward Noa Lang from PSV...


Civil Defence Board Temporarily Closes Recruitment Portal for System Enhancements
BY Abiodun Saheed Omodara July 17, 2025 0

The Civil Defence, Correctional, Fire and Immigration Services Board has temporarily closed its recr...


Nigeria Should Aim for 60,000 Megawatts of Power Generation- Dangote
BY Abiodun Saheed Omodara July 18, 2025 0

President of the Dangote Group, Alhaji Aliko Dangote, argues that Nigeria's low electricity generati...


FG Denies Emergence of New Terrorist Groups Amid Turkish Warnings
BY Abiodun Saheed Omodara July 17, 2025 0

The Federal Government On Wednesday, stated that no new terrorist groups have emerged in the country...


151 Senior Police Officers Face Misconduct Hearings- NPF
BY Abiodun Saheed Omodara July 18, 2025 0

The Nigeria Police Force has revealed that 151 senior officers are currently undergoing proceedings...


CPC Loyalists Face Uncertain Future Amid Buhari's Death, Tinubu's Leadership
BY Abiodun Saheed Omodara July 18, 2025 0

The passing of former President Muhammadu Buhari has sparked renewed speculation regarding the polit...


More Articles

Load more...

Menu