ByteDance-owned social media platform, TikTok, has resumed services in the United States after President-elect Donald Trump intervened.
The Chinese-owned company which stopped operations on Saturday evening has resumed services to its 170 million users in the US after Trump promised to delay a law banning the social media platform from operations.
“I’m asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security,” Trump wrote on Truth Social.
TikTok in a statement issued on Monday said it would collaborate with Trump “on a long-term solution that keeps its operation in the US” and thanked the new president for “providing the necessary clarity and assurance.”
This came a day after Canadian businessman and investor Kevin O’Leary tabled $20 billion to Chinese company ByteDance to acquire TikTok.
O’Leary, who made his intentions known in an appearance on Fox News’ “America’s Newsroom” said that he had a $20 billion deal to purchase the social media network.
“Right now, $20 billion is on the table, cash, cash, $20 billion,” he said.