Trump Signs Executive Order That <br />Will Effectively Ban TikTok in the US China-based company ByteDance <br />is the parent company of TikTok. The order, barring U.S. companies from doing <br />business with ByteDance, is set to go into effect in <br />45 days if TikTok is not sold to an American company. Microsoft announced earlier this <br />week that it was negotiating a purchase <br />of the popular video sharing app, a deal <br />with a potential worth of $30 billion. President Donald Trump's <br />executive order refers to <br />the risk posed by the China-<br />owned app as a "national emergency." The Trump administration has accused <br />ByteDance of using TikTok to acquire <br />"vast swaths" of personal information from U.S. users. Trump's order says that acquisition <br />of this information "threatens to allow" <br />the government of China to track U.S. users. TikTok responded to the <br />move, saying it was "shocked." TikTok Statement, via NBC News
