Trump: US Should Get 'Substantial Portion' of TikTok Operations Sale Price

Posted on AllSides August 4th, 2020
From The Right
business, TikTok, Donald Trump, US Treasury, sale price, Microsoft

President Donald Trump said Monday the U.S. government should get a "substantial portion" of the sales price of the U.S. operations of popular short-video app TikTok and warned he will ban the service in the United States on Sept. 15 without a sale.

The turnaround came after Trump on Friday said he was planning to ban the Chinese-owned video app's U.S. operations as soon as Saturday after dismissing a possible sale to Microsoft.

Reuters reported last week that some investors are valuing TikTok at about $50 billion, citing people familiar...

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https://www.newsmax.com/headline/tiktok-trump/2020/08/03/id/980383/

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