Jimmy Donaldson, known by the name MrBeast, has shown a great interest in acquiring TikTok, which today has a huge following among many other social media platforms. In the States, TikTok also attracted a huge media spotlight as well as controversies for its willingness to cooperate with the China Communist Party.
So here is national security concerned with respect to user data. After that executive order, Donald Trump suggested there could be a potential joint venture about TikTok, allowing it to continue for just another 75 days in the meantime.
At the same time, there has been talk of taking over TikTok along with Elon Musk-whose relations with Trump could actually facilitate-or thwart-the deal. The richest man on Earth owns X, another social media platform. Billionaire investor Frank McCourt has keenly shown an interest in both TikTok and its future, right alongside Donald Trump. However, the negotiations surrounding a 50-50 joint ownership of TikTok are fraught with difficulties. In terms of present law, it will not stand up, and Trump might have to approach Congress to amend it.
As discussions continue, here, the future of TikTok hangs in the balance. Law professor Anupam Chander said that it is a politically dangerous mistake on the part of the Biden administration to entrust the president too much control over TikTok’s ownership. This equates to one more uncertainty in a landscape already characterized by political and legal complications. How things play out will undoubtedly have a profound impact on TikTok’s ability to operate in this American market.