Vice President JD Vance will oversee sales of social media platform Tiktok from Chinese parent company, the post has made its popular app on the first day, giving President Trump additional time to find US buyers. After throwing the lifeline, I learned what I learned.
Michael Waltz, formerly his own venture capital firm and national security adviser, said that sources familiar with the issue would quarterback Tiktok's qualifying sale from a Beijing-based integration. conduct.
Congressional Waltz and other national security hawks have long been warning of the threat the platform poses to Americans. Both Congress and independent investigations have confirmed that data from 170 million US users is accessible to the Chinese Communist Party.
Trump teased Microsoft's interest in purchasing last month, adding that it could erupt into a full-scale “bid war” among US companies.
Punchbowl News, that First reported As Vance and Waltz are working on the sale, Frank McCourt, billionaire business partner of “Shark Tank” host Kevin O'Leary, visited Capitol Hill this week to talk with Republicans about the potential purchases. did.
Congress has passed and President Joe Biden enacted the law this April.
One Republican who met with McCourt was Tom Cotton (R-Ark.), chairman of the Senate Intelligence Email Committee, who called for a full sale and a “complete break from communist China according to the law “They're doing this,” a spokesman for his office told Punchbowl. .
The qualifying sale is scheduled to take effect on January 19th, and the app temporarily went dark the day before.
On January 20th, Trump signed an order extending the sales deadline by 75 days, giving all parties until April 5th to reach the deal.
