For a long time, public authorities have voiced worries about the possibility that TikTok’s accumulated data could be handed over to the Chinese government via its owner, ByteDance. Such a situation might lead to 170 million American users potentially encountering Chinese propaganda on the platform.
To avoid a potential ban, President Biden approved a law in April that grants ByteDance nine months to sell TikTok; if they fail to do so, the app will be prohibited in the U.S. This proposed ban was actually a suggestion made by former President Trump in 2020 during his term.
TikTok temporarily halted operations on Saturday for some clarification – or perhaps as a nudge for users to step away from their screens; the specifics might differ. However, on a bustling weekend, Trump managed to prevent digital overload with one gesture and unveiled a fresh cryptocurrency with another. Here’s what you need to know about this event.
Trump Saves TikTok’s Future
Since we know that the attention span of most TikTok users is shorter than Vine’s duration, let me start with the main point: Trump has suggested that a 90-day extension for TikTok is “probably” going to happen, which provides additional time for the company to secure a new owner. However, it’s important to note that this is just an initial thought, as he also proposed a 50% ownership of the platform by the U.S. TikTok resumed operations on Sunday.
It’s been speculated by some conspiracy theorists that events seem to align perfectly, given that Donald Trump’s friend and billionaire Elon Musk might soon own TikTok. This is interesting because 23% of Tesla’s earnings come from China, a country with which Musk has close ties through its government. Meanwhile, Trump could potentially maintain his influence with a 50% ownership stake in TikTok. However, this sounds like an outlandish conspiracy theory, doesn’t it? Or does it?!
$TRUMP Coin to the Moon?
On Saturday, Trump introduced his latest digital currency, the $TRUMP Coin. In a swift surge within just a day, its value skyrocketed from approximately $6 to an impressive $72, reaching a peak market worth of $12 billion by Sunday. Currently, 80% of this cryptocurrency is held by two companies with close ties to the Trump organization; one of them goes by the name Fight Fight Fight, which refers to the attempted assassination on Trump.
Exciting News! My latest Official Meme featuring our beloved President is now available! Let’s toast to what we all believe in – Victory! Come, be part of my exclusive Trump Community. Grab your $TRUMP today! Click the link for a fun-filled experience!
— Donald J. Trump (@realDonaldTrump) January 18, 2025
As a gamer, I’d like to clarify something: Some folks out there might speculate that these firms could pull off a move similar to Hawk Tua (a sudden collapse after appearing successful) and then receive a pardon from President Trump. But let me tell you, it’s just not how things work.
Have you already invested in $TRUMP Coin, and is TikTok worth saving? Tell us in the comments!
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2025-01-20 15:09