TikTok thanks President-elect Donald Trump as it restores service in US

Expressing gratitude to US Presidentelect Donald Trump for providing the necessary clarity and assurance the Chinese shortform video service app TikTok has confirmed that it was in the process of restoring service in the United StatesThis development comes after Trump pledged to restore access to TikTok which had stopped functioning in the US on Saturday night to comply with the Biden dispensations ban orderSTATEMENT FROM TIKTOKIn agreement with our service providers TikTok is in the process of restoring service We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170hellipmdash TikTok Policy TikTokPolicy January 19 2025In a post on X on Sunday TikTok stated In agreement with our service providers TikTok is in the process of restoring service We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties for providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thriveIts a strong stand for the First Amendment and against arbitrary censorship We will work with President Trump on a longterm solution that keeps TikTok in the United States the post addedDonald Trump announced on Truth Social that he plans to issue an executive order on Monday to delay the enforcement of the TikTok ban for 90 daysIm asking companies not to let TikTok stay dark I will issue an executive order on Monday to extend the period of time before the laws prohibitions take effect so that we can make a deal to protect our national security he said reported ANIThe order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order Americans deserve to see our exciting Inauguration on Monday as well as other events and conversations he addedHe further outlined a proposal for the US to hold a 50 per cent ownership stake in a joint venture involving TikTokI would like the United States to have a 50 per cent ownership position in a joint venture By doing this we save TikTok keep it in good hands and allow it to stay up Without US approval there is no TikTok With our approval it is worth hundreds of billions of dollars maybe trillions he said reported ANITherefore my initial thought is a joint venture between the current owners andor new owners whereby the US gets a 50 per cent ownership in a joint venture set up between the US and whichever purchase we so choose he added reported ANITikTok went offline in the US on Saturday night local time just hours before a law banning the app was set to take effect CNN reportedThe users who tried to access the platform were met with a message stating Sorry TikTok isnt available right now A law banning TikTok has been enacted in the US Unfortunately that means you cant use TikTok for nowThe ban follows a Supreme Court ruling on Friday that upheld a law passed with bipartisan support in Congress and signed by US President Joe Biden in AprilAccording to CNN the law prohibits US companies from hosting or serving content for the Chineseowned platform unless TikTok is sold to a USbased or allied companyWith inputs from ANI