President Donald Trump intends to sign an order instructing ByteDance to sell its property in the US-based video sharing app TikTok Bloomberg. The order, which could be announced on Friday afternoon, would use the United States Foreign Investment Council (CFIUS) to force ByteDance to sell, much like last year against Chinese investors at Grindr.
Earlier this month, Secretary of State Mike Pompeo said Fox News that the Trump administration “certainly considered” the country’s ban on TikTok and didn’t explain exactly how it planned to do so.
“We take it very seriously. We̵
TikTok did not immediately respond to a request for comment.
Bloomberg reported that the order could be announced on Friday afternoon. A Fox Business reporter confirmed the reports and mentioned Microsoft as a potential buyer. In 2017, ByteDance bought Musical.ly, a lip-syncing app, for $ 1 billion and renamed it TikTok.
Both Congress and the Trump administration have been skeptical of TikTok and its parent company ByteDance for years. Last November, CFIUS launched a national security review of the app after politicians raised concerns about the company’s privacy practices and its alleged relationship with the Chinese Communist Party.
On Thursday, Sens. Richard Blumenthal (D-CT) and Josh Hawley (R-MO) sent a letter to the Department of Justice requesting that the agency investigate TikTok and Zoom for “reported violations of American civil liberties “And” the impact of the relationship of the two companies with the People’s Republic of China on national security. “
TikTok has repeatedly refused to disclose user data to the Chinese government.