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Reading: TikTok CEO to attend Donald Trump’s inauguration regardless of federal ban menace? What report says
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StockWaves > Business > TikTok CEO to attend Donald Trump’s inauguration regardless of federal ban menace? What report says
Business

TikTok CEO to attend Donald Trump’s inauguration regardless of federal ban menace? What report says

StockWaves By StockWaves Last updated: January 16, 2025 3 Min Read
TikTok CEO to attend Donald Trump’s inauguration regardless of federal ban menace? What report says
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Contents
Donald Trump Altering Stance on TikTokTikTok Shutdown in US

Donald Trump Inauguration: Shou Zi Chew, the CEO of TikTok, is planning to attend the inauguration of US President-elect Donald Trump on January 20, 2025, New York Instances reported. This information comes at the same time as TikTok faces vital challenges in the USA, with a federal ban looming that would shut down the social media platform’s operations only a day earlier than Donald Trump’s inauguration as .

Shou Zi Chew has obtained an invite from the Trump-Vance Inaugural Committee to take a seat ready of honour on the dais, usually reserved for former presidents and different distinguished company, the NYT report added.

Shou Zi Chew attendance will place him alongside different distinguished tech leaders, together with Mark Zuckerberg, Jeff Bezos, and Elon Musk, who’re additionally anticipated to be current on the ceremony.

Donald Trump Altering Stance on TikTok

This shift in Donald Trump’s stance in the direction of TikTok is especially hanging, given his earlier makes an attempt in 2020 to ban the app and pressure its sale to an American firm as a result of nationwide safety considerations.

Not too long ago, nonetheless, Donald Trump has expressed a extra beneficial view of TikTok, stating he has a “heat spot” for the platform. This transformation in angle coincides together with his marketing campaign’s rising presence on TikTok in the course of the electoral race.

Donald Trump’s administration seems prepared to barter with TikTok in hopes of discovering another answer to a pressured sale.

TikTok Shutdown in US

With greater than 170 million American customers and, in accordance with Bernstein analysts, about $20 billion of estimated income in 2025, TikTok is overwhelmingly standard with younger folks and advertisers.

The short-video platform, TikTok, plans to close US operations of its social media app on Sunday, when a federal ban is ready to take impact, barring a last-minute reprieve, Reuters reported.

The Washington Submit reported that US President-elect Donald Trump is contemplating issuing an govt order to droop enforcement of a shutdown for 60 to 90 days. The report didn’t say how Trump may legally accomplish that.

Final week, the US Supreme Court docket appeared inclined to uphold the legislation that might pressure a sale or ban TikTok, regardless of calls from Donald Trump to increase the deadline. Trump has mentioned he ought to have time to pursue a “political decision” of the difficulty after taking workplace.

President Joe Biden signed a legislation final April asking TikTok’s Chinese language guardian firm, ByteDance, to divest its US belongings by January 19 or face a nationwide ban.

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