According to the executive order of US President Donald Trump earlier this week, Baitdance is currently on April 5, 2025. The app is still available for freely use in the US, it has been removed from the App Store and Google Play. Many suitors are ready to buy Tiktok but a byytedance board member believes that there is still an opportunity to solve the social media app that does not include selling.
Bill Ford, who serves as chairman and CEO of the General Atlantic Equity Firm, and is also a member of the Board of Directors of Bytedance, it is optimistic that the Chinese Tech Giant can reach a comprehensive solution to control Tiktok without diving in the US entity. Ford’s optimism has arisen from the report between the newly elected US President Donald Trump and his Chinese colleague Xi Jinping.
The executive suggests that “some kind of control change” for Tiktok is not beyond the question, but byytedance is actively looking for sure that it can continue to work in the US without sale. Given the fact that the law passed earlier this year is mandatory to sell a US -based company, BaitDance remains to be seen how it can overcome this.
Sourcepaywall)
