US President-elect Donald Trump has vowed to issue an executive order to extend TikTok operations in the US, allowing users to regain access to the app after a weekend blackout. As part of the plan, Trump proposes that the US owns 50% of a joint venture with ByteDance, the Chinese-based parent company of TikTok. The move comes as President Biden signed a law mandating that ByteDance sell TikTok by Sunday or face ban in the US.
Source: https://www.foxbusiness.com/politics/trump-vows-tiktok-executive-order-inauguration-day-joint-us-ownership