TikTok Defends Platform After Trump Says He’s Going to Ban It

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There have been reports of us tech giants and financial firms being interested in buying or investing in TikTok as the Trump administration sets its sights on the app.

President Donald Trump told reporters aboard Air Force One on Friday that he plans on banning popular social media application TikTok in the US.

TikTok issued a statement on Friday.

ByteDance launched TikTok in 2017 as a competitor to Facebook and Snap and it has grown in popularity, hitting two billion downloads during April.

Trump also made it clear that he was not in favour of a deal to let a U.S. company buy TikTok's American operations.

It also remains uncertain exactly what Trump's "ban" threat entails, or under what legal argument he'd block a Microsoft acquisition.

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Earlier on Friday, Bloomberg reported that Trump was planning on forcing TikTok's parent company ByteDance to sell the company. "I love it. You're rattling his cage and his brain so bad and we're all witness to it", one Twitter user wrote in response to a Trump-mocking video Sarah posted on July 24, one week before Trump spoke publicly about the TikTok ban.

Meanwhile, other prospective buyers could also come forward to buy the popular video app. The United States government has been investigating national security risks that may accrue because of Bytedance's ownership of TikTok, Bloomberg said.

TikTok's fun, goofy videos and ease of use has made it immensely popular, and United States tech giants like Facebook and Snapchat see it as a competitive threat.

The United States has been increasingly scrutinizing app developers over the personal data they handle, especially if some of it involves US military or intelligence personnel.

With 80 million active users thus far, the move to ban the fast-growing app will surely be a big blow to ByteDance, despite denying claims that it is controlled or shared its data with the Chinese government.

As reported by CNBC, President Trump told reporters that he will ban TikTok from the United States as early as Saturday, August 1.

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Per pool, Trump said, "Well, I have that authority".

Pappas dismissed privacy concerns in her statement, saying that "when it comes to safety and security, we're building the safety app because we know it's the right thing to do".

"TikTok has become the latest target, but we are not the enemy". The company hired a U.S. CEO to distance itself from its Chinese ownership.

The company pledged a high level of transparency, including allowing reviews of its algorithms, to assure users and regulators.

TikTok is now used by more than 800 million people worldwide, and TikTok's Chinese offices have, "swollen to thousands of employees".

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