President Donald Trump is looking to act as soon as Saturday to ban the video sharing app, NBC News reported. President Donald Trump on Friday told reporters he will act as soon as Saturday to ban Chinese-owned video app TikTok from the United States.
BREAKING: President Trump says he plans to use his executive power to ban the popular video creation app TikTok in the U.S. as early as Saturday. https://t.co/oVhqLGySZq
— NBC News (@NBCNews) August 1, 2020
Trump made the comments while chatting with reporters on Air Force One during the flight back to Washington from Florida. “As far as TikTok is concerned we’re banning them from the United States,” Trump said, calling the action a “severance.” Trump did not specify whether he will act through an executive order, or another method. such as a designation, according to NBC News. “Well, I have that authority. I can do it with an executive order or that,” Trump said.
However, TikTok has more than 2 billion all-time downloads, according to app analytics firm Sensor Tower, and is owned by ByteDance, a Chinese internet company. Zhang Yiming, the 35-year-old software engineer who founded the app’s parent company, now has a net worth of $16.2 billion, Forbes estimates.