Illustration by Alex Castro / The Verge
President Donald Trump intends to sign an order that would direct ByteDance to sell its ownership of the US-based video-sharing app TikTok, according to Bloomberg. The order, which could be announced as soon as Friday afternoon, would employ the Council on Foreign Investment in the United States (CFIUS) to force ByteDance to divest, similar to the process undertaken against Grindr’s Chinese investors last year.
Earlier this month, US Secretary of State Mike Pompeo told Fox News that the Trump administration was “certainly looking at” banning TikTok in the country, stopping short of explaining exactly how it planned to do so.
“We are taking this very seriously. We are certainly looking at it,” Pompeo said at the time. “With respect to…tech, The Verge