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The aim is to place oversight control in the hands of American software company Oracle and other investors. Under federal law, TikTok must split apart from China, or face a nationwide ban.
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Many users flocked to another Chinese-owned app, RedNote, when it looked like TikTok would be banned. Americans and Chinese citizens have been getting to know each other.
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The order bars the government from "any conduct that would unconstitutionally abridge the free speech of any American citizen" and orders an investigation into the Biden administration's actions.
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Bloomberg investigative reporter Zeke Faux says the Trump family crypto business offers anyone seeking favor with the new administration a legal way to send money directly to the president.
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The company says it added 19 million new subscribers during the last quarter of 2024, fueled by live events and new shows. Netflix is also raising subscriptions by $1 to $2 per month in the U.S.
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Ulbricht operated the anonymous digital marketplace known as Silk Road when law enforcement arrested him. The pardon fulfills a campaign pledge Trump made to Ulbricht's Libertarian supporters.
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The order follows TikTok going dark for about 14 hours after the Supreme Court upheld a law prohibiting the service from operating in the U.S. unless it breaks away from its parent company in China.
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TikTok is back online in the U.S. after going dark for about 14 hours. The blackout affecting 170 million American users was lifted after President-elect Trump vowed to pause the federal ban.
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The president-elect said he will issue an executive order Monday to delay the ban while he brokers a sale. The app has returned on web and mobile, but is not available in Apple and Google's stores.
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The app had more than 170 million monthly users in the U.S. The black-out is the result of a law forcing the service offline unless it sheds its ties to ByteDance, its China-based parent company.