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President Donald Trump claims that TikTok will “be out of business in the United States” on September 15th if its Chinese parent company ByteDance doesn’t sell it and provide the US Treasury Department with “a lot of money,” backing off an earlier claim that he planned to “ban” the app over the weekend. This follows reports that Microsoft negotiated a 45-day window to acquire the company, something it confirmed yesterday in a blog post.
Trump announced the news at the White House today and elaborated on how he believes Microsoft or another “big,” “secure,” and “very American” company should buy TikTok. He argued that it should buy the entirety of the company from ByteDance — not just its operations in the US, Canada, Australia, and New…tech, The Verge