Donald Trump says the Treasury should receive a share of proceeds from the proposed sale of Chinese-owned video app TikTok. The president’s plans come after he reversed his call to ban the popular app in the US due to privacy concerns. Speaking from the White House, Trump said the US would make any sale of the app possible – and should be in line for a share of the proceeds. ‘It would come from the sale,’ he said. ‘Which no one else would be thinking about but me’
TikTok sale: Trump approves Microsoft’s plan but says US should get a cut of any deal
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In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
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In This Story: TikTok
TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.
ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.
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