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TikTok thanked its users for their loyalty in a Saturday video, promising that the Chinese-owned app is "not going anywhere," even as U.S. officials discuss a nationwide ban due to security concerns.
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President Trump said Friday that his administration would prohibit the service within U.S. borders but did not share any further details. The owner, ByteDance, agreed Saturday to divest its American business in an attempt to continue operating within the world's largest economy, two people familiar with the matter told Reuters.
Sources told FOX Business the day before that ByteDance was looking to sell the short-form video app with more than 2 billion downloads worldwide to Microsoft.
The potential acquisition would give TikTok an opportunity to regain Americans' trust and build on its current success, particularly among young users.
"I want to say thank you to the millions of Americans who use TikTok every day, bringing their creativity and joy into our daily lives," TikTok's U.S. general manager, Vanessa Pappas, said in the video posted Saturday to TikTok and other social media platforms. "We're not going anywhere."
IS TIKTOK DANGEROUS?
TikTok has nearly tripled its U.S. workforce to about 1,500 employees over the past year and plans to add 10,000 more jobs in the next three years.