AsianFin -- U.S. President-elect Donald Trump has proposed a plan for the United States to own 50% of TikTok, addressing a requirement for the Chinese-owned platform to divest its U.S. operations. The announcement came just hours after a brief nationwide shutdown of the app, which is used by 170 million Americans.
Speaking at a rally ahead of his inauguration, Trump cited TikTok's vast audience and its role in helping him connect with young voters as key reasons for his decision to intervene. He emphasized the economic implications of a potential shutdown, noting it would result in significant job losses for Americans.
"We have no choice. We have to save a lot of jobs," Trump said. "We don't want to give our business to China. We don't want to give our business to other people."
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