The US Congress passed a law that would have forced TikTok to close its operations in the US – unless it was sold to a US company. But then President Trump gave it a 75-day extension and then another 75 days.
Yesterday, TikTok gathered major advertisers in Manhattan for a presentation on its future. The VP of Global Business Solutions Khartoon Weiss said “TikTok is here – we are here.”
This comes after Trump suggested that he would grant TikTok another extension. The previous extension will run out in June.
Weiss added that TikTok is used as an alternative to Google’s search engine more and more. The social network currently has 170 million users in the US alone.
The event was hosted by Hasan Minhaj and featured representatives from major companies like L’Oreal and Unilever. They saw a presentation of new tools that will help marketers run their campaigns.
Various US giants have expressed interest in buying TikTok, from Amazon to Microsoft. Even MrBeast is in the running. TikTok made no mention of splitting from its Chinese owner ByteDance and selling to a US company during this event.
Source (paywall)