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Story summary
- A bipartisan bill signed by Biden banned TikTok in the U.S. over national security concerns, permitting operations only if its Chinese owner divested.
- TikTok briefly ceased operations in January 2025 until Trump signed an executive order delaying enforcement.
- Trump has repeatedly extended the divestment deadline, now set for September 17.
- U.S. Treasury Secretary Bessent announced a framework for TikTok's transfer to U.S. ownership.
- Ongoing negotiations raise concerns about data privacy and Chinese influence, with potential buyers including Oracle's Larry Ellison.
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