Trump Hosts TikTookay CEO At Mar-a-Lago As Its Future In The U.S. Remains Uncertain | EUROtoday

President-elect Donald Trump on Monday met with TikTookay CEO Shou Zi Chew after the corporate requested the U.S. Supreme Court to step in to dam a regulation that might doubtlessly ban the platform nationwide subsequent month, based on a number of information studies.

Chew, who was additionally noticed at Trump’s Florida property in early December, has been working to safe a gathering with Trump since his election victory, based on CNN, which was the primary to report the deliberate assembly.

The contents of their dialogue stay unclear.

Trump hosted Chew shortly after TikTookay and its Chinese guardian firm ByteDance requested the Supreme Court to intervene to cease a federal regulation that will ban the platform within the U.S. until ByteDance divested its stake within the platform by Jan. 19.

TikTookay has mentioned the potential ban would imply that small companies on the platform would lose $1 billion in income, whereas creators would lose about $300 million in earnings in only one month until the regulation is stopped from taking impact.

TikTookay, which reportedly boasts a person base of 170 million Americans, requested the Supreme Court to concern a choice by Jan. 6, citing the time it will have to “perform the complex task of shutting down the TikTok platform only in the United States” within the occasion that their injunction was denied.

Last week, a federal appeals court docket rejected a request by TikTookay to cease the regulation from getting enforced till the Supreme Court will get an opportunity to overview it. The similar court docket beforehand upheld the regulation signed by President Joe Biden in April, rejecting the corporate’s claims that it was unconstitutional.

Trump, who is about to take workplace on Jan. 20, has not specified what actions he might take to cease the regulation from taking impact.

During a press convention earlier on Monday, Trump shared his appreciation for the platform, noting it could have helped him win the election.

“We’ll take a look at TikTok,” he mentioned. “I have a warm spot in my heart for TikTok because I won youth by 34 points and there are those that say that TikTok has something to do with that.”

Despite his claims, early exit polls confirmed Vice President Kamala Harris received the vast majority of voters below 30 years outdated, based on The New York Times.

While Trump had beforehand tried to ban TikTookay on the finish of his first time period in workplace, he has since had a change of coronary heart and criticized the app’s potential ban throughout his marketing campaign.

Apart from Chew, Trump has met with a number of different distinguished executives in latest weeks, together with Meta CEO Mark Zuckerberg. This week, the president-elect can be reportedly attributable to host Netflix co-CEO Ted Sarandos and Amazon founder Jeff Bezos for conferences at Mar-a-Lago.