The ongoing debate surrounding the TikTok ban persists, with a board member from ByteDance indicating that a potential compromise may be on the horizon.
This statement came from William E. Ford, an American entrepreneur and member of the board of the parent company, ByteDance …
For those needing a refresher on the situation, here are the essential points:
- Current regulations mandate that the app must be sold to a US company.
- TikTok remains banned in the US until such a sale occurs.
- While the app is accessible, US firms are prohibited from hosting or offering it for download.
- Trump’s executive order does not alter this, and it is likely unconstitutional.
- Apple continues to adhere to the existing legal framework.
Bloomberg reports that Ford has expressed that a compromise could be feasible amidst dialogues between Trump and China’s president.
“We are optimistic we will find a solution,” Ford conveyed at the World Economic Forum in Davos. “There are several alternatives we can discuss with President Trump and his team that do not require selling the company, which would allow it to continue operating, potentially with some change in control, but without an outright sale” […]
“I’m hopeful about the emerging dialogue between President Trump and President Xi,” Ford stated. “This could foster a more constructive environment and a greater level of engagement, potentially leading to a favorable resolution.”
The specifics of such a compromise remain unclear, even as the law necessitating the sale is well-defined.
Ford is the CEO of General Atlantic, an investment firm that owns a stake in ByteDance, providing him with a directorial position on the board.
Photo by Solen Feyissa on Unsplash
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