Trump Claims 'Very Wealthy' Investors Ready to Acquire TikTok Amid Ongoing U.S. Restrictions | Smarti News – AI-Powered Breaking News on Tech, Crypto, Auto & More
Trump Claims 'Very Wealthy' Investors Ready to Acquire TikTok Amid Ongoing U.S. Restrictions

Trump Claims 'Very Wealthy' Investors Ready to Acquire TikTok Amid Ongoing U.S. Restrictions

2025-06-29
0 Comments Julia Bennett

3 Minutes

The Future of TikTok in the U.S. Faces Major Turning Point

The ongoing controversy surrounding TikTok's operation in the United States appears to be nearing a decisive moment. Former President Donald Trump recently announced on Fox News' “Sunday Morning Futures with Maria Bartiromo” that a group of "very wealthy people" is prepared to purchase TikTok, the wildly popular Chinese short-video app, potentially reshaping TikTok's future in the American market.

National Security Concerns Prompt Calls for Change

TikTok, owned by ByteDance and used by millions globally, has faced intense scrutiny from U.S. lawmakers and security experts. Critics allege that TikTok poses significant national security risks, citing concerns about user data privacy and its potential use as a propaganda tool for the Chinese government. As a result, there has been ongoing pressure to either ban TikTok entirely or force ByteDance to divest its U.S. operations to an American or non-Chinese firm.

Negotiations and Ban Extensions: The Saga Continues

TikTok was previously under threat of being banned across the United States. However, the presidential administration has repeatedly extended the deadline for a potential ban, with the latest extension coming on June 19. These continuous delays have left the future of TikTok in the U.S. uncertain, with American creators, businesses, and digital marketers anxiously awaiting a resolution.

Who Could Acquire TikTok—and What Would Change?

Trump hinted that the identities of these "very wealthy" potential buyers will be unveiled in the coming weeks, sparking speculation across the tech industry. Observers wonder whether a new non-Chinese owner could address data privacy issues and government oversight, and if TikTok’s core features—such as its content recommendation algorithm, viral video tools, and creative editing suite—would remain intact under new management.

Comparing Global Social Platforms and Ownership Shifts

The possibility of TikTok’s sale draws comparisons to other landmark tech acquisitions, such as Elon Musk's takeover of X (formerly known as Twitter). Such transitions have often led to significant changes in product direction, moderation policies, and user experience. Tech analysts are debating whether new ownership would fundamentally alter TikTok’s addictive short-form video format or attempt to address criticisms regarding content moderation and mental health impact.

TikTok’s Market Impact and the Road Ahead

TikTok remains a dominant force in digital entertainment, influencing culture, advertising strategies, and even online shopping trends. Should ownership shift to a U.S.-based entity, American users and enterprise partners might find renewed confidence in the platform’s data privacy. However, any disruption to TikTok’s core features or content discovery engine could risk alienating its immense user base.

As the deadline approaches and high-profile buyers emerge, the world is watching closely to see whether TikTok will pivot under new ownership or continue to lead the global short-video market unchanged. Whatever the outcome, this saga underscores the growing intersection of technology, global politics, and digital innovation.

Source: phonearena

"Hi, I’m Julia — passionate about all things tech. From emerging startups to the latest AI tools, I love exploring the digital world and sharing the highlights with you."

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