<p><span style="font-weight: 400;">TSR Updatez: It looks like TikTok may have a fighting chance after all. Donald Trump, <a href="https://dev.theshaderoom.com/donald-trump-reportedly-told-reporters-hes-banning-tiktok-update/">who told reporters Friday that he’d be banning the popular social media app</a>, is now giving a deadline of September 15th for the app to be bought by a U.S. company or be shut down.</span></p>
<p><span style="font-weight: 400;">Reportedly, there were talks already in place for Microsoft to buy the app from its Chinese owner and initial reports suggested that Trump didn’t care about any such deals being negotiated. </span></p>
<p><span style="font-weight: 400;">Now, after speaking with Microsoft’s CEO, it seems that Trump is open to TikTok staying in the U.S. as long as the U.S. treasury gets a cut of the deal.</span></p>
<p><span style="font-weight: 400;">“It can’t be controlled for security reasons by China. Too big, too invasive,” Trump said during a press conference Monday. “Here’s the deal, I don’t mind whether it’s Microsoft or somebody else&#8211; a big company, a secure company, a very American company buys it.”</span></p>
<p><span style="font-weight: 400;">Trump isn’t playing about getting paid either.</span></p>
<p><span style="font-weight: 400;">“It’s a little bit like the landlord/tenant; without a lease the tenant has nothing, so they pay what’s called ‘key money,’ or they pay something,” Trump said. </span></p>
<p><span style="font-weight: 400;">Trump specified that he’d prefer TikTok be bought in its entirety, rather than a small part of the app, however.</span></p>
<p><span style="font-weight: 400;">“But the United States should be reimbursed or should be paid a substantial amount of money, because without the United States they don’t have anything, at least having to do with the 30%.”</span></p>
<p><span style="font-weight: 400;">ByteDance, the Chinese company that owns TikTok, valued TikTok at $50 billion, Reuters reported last week.</span></p>
<p><span style="font-weight: 400;">TikTok’s general manager addressed the possible ban over the weekend.</span></p>
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<p><span style="font-weight: 400;">There’s less than a month-and-a-half for a deal to be made. We’ll keep you posted on any updates.</span></p>
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