‘TikTok is back’: Trump teases future social media app

President-elect Donald Trump announced that TikTok is returning to the U.S. market after a brief ban at a graduation ceremony Sunday.

This time, he told his supporters gathered in Washington DC that he was considering a deal where the United States would own 50% of the popular app.

On Friday, the US The Supreme Court approved Bilateral legislation passed last year would have banned TikTok unless Chinese company ByteDance sold it on Sunday, citing national security risks due to its ties to China. The decision followed months of negotiations over national security concerns related to Chinese ownership of the app.

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Trump—who said the app helped him connect with young voters during the campaign—has urged companies not to let TikTok overshadow him.

“If they don’t allow it, they’re out of business, they’re worthless. If you allow it, they’re worth $1 trillion… some crazy number. So I said yes, but allow it. The United States of America owns 50% of TikTok,” he told fans.

“We don’t want to give our business to China, we don’t want to give our business to other people,” he said, stressing the importance of maintaining the application.

He also argued that the joint venture would pose no threat to the United States.

“There is no risk. We are not spending any money, what we are doing is giving permission to those who have nothing,” he said.

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Trump wrote on TRUTH Social that he will issue an executive order on Monday before his speech — when he is sworn in as the 47th president of the United States — “to extend the time before the bans go into effect. We can make an agreement to protect our national security.”

“The order ensures that there will be no liability for any company that helped keep TikTok from going dark before my order,” he said.

After Trump vowed to keep the app from being blacked out in the US, the social media company began restoring US operations.

TikTok’s account released a statement on Sunday to release policy updates on X: “In agreement with our service providers, TikTok is in the process of restoring its service.”
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“We thank President Trump for providing the necessary transparency and assurance to our service providers, bringing TikTok to more than 170 million Americans and allowing more than 7 million small businesses to thrive,” the statement said. “It is a strong stand for the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps Tiki Talk in the United States.”

TikTok CEO Xu Chow is expected to attend Trump’s inauguration. According to Fox News.

Fox News’ Danielle Wallace contributed to this report.