TikTok continues to operate in the U.S. despite being technically banned under U.S. law. President Trump has repeatedly suggested a deal that would allow a consortium led by Susquehanna International Group and General Atlantic to acquire 80% ownership of TikTok's U.S. operations, with ByteDance retaining a minority stake. The status of the deal remains uncertain amid ongoing trade negotiations and tariffs imposed on Chinese goods by the Trump Administration, complicating the agreement.
Despite President Trump's claims of a pending deal regarding TikTok, the app is still operating in violation of U.S. law and technically banned.
A consortium led by Susquehanna International Group and General Atlantic aimed to secure an 80% U.S. ownership of TikTok, with ByteDance retaining a minority stake.
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