Trump’s Potential 90-Day Extension for TikTok: What It Means for Investors and Users

In recent developments on January 19th, COINOTAG reported that U.S. President-elect Trump, during an NBC interview, indicated a strong possibility of offering a 90-day extension regarding TikTok’s operations in the U.S. This decision could emerge on his first day in office, January 20th. Trump emphasized that, while discussions are ongoing, he is contemplating a request to TikTok’s parent company, ByteDance, to delay the requirement of divesting TikTok from its Chinese ownership. He characterized this option as the most feasible, suggesting, “extending it by 90 days is the most likely, as it is appropriate.” This extension is seen as a strategic move to stymie the anticipated ban on TikTok, which has garnered significant attention and controversy. Keeping TikTok operational in the U.S. for an additional three months could impact the platform’s user base and advertising revenue significantly.