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By EquityPandit

WORLD

TikTok Resumes Service, Thanks Donald Trump

In October, TikTok laid off hundreds of employees worldwide.

TikTok announced on Sunday that it is restoring its service after President-elect Donald Trump confirmed he would reinstate the app’s access in the U.S. when he takes office on Monday.

TikTok began restoring service after President-elect Donald Trump announced he would reinstate the app’s access in the U.S. when he takes office on Monday.

The app had briefly stopped working for 170 million U.S. users before a law to shut it down took effect due to national security concerns over Chinese parent company ByteDance.

TikTok thanked Trump for providing clarity and assurance to service providers, allowing the app to continue operating and supporting over 7 million small businesses in the U.S.

Trump mentioned extending the deadline for the ban and proposed a joint venture with 50% U.S. ownership to protect national security.

A temporary message to U.S. users informed them that TikTok would be reinstated after Trump takes office, following his promise of a 90-day reprieve.

The shutdown of TikTok has a broad impact on U.S.-China relations, U.S. politics, and millions of Americans who rely on the app.

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