, but it is also not clear that changing ownership is crucial to the social network.\u00a0ByteDance offered several alternatives to American officials.\u00a0In one scenario, non-Chinese investors like Sequoia Capital, SoftBank, and General Atlantic could buy a majority stake in the app from ByteDance.\u00a0The United States is one of the main markets for TikTok, which is why it is interested in maintaining its operations in the country.<\/span><\/p>\nIn a press release, TikTok notes that it has “10,000 well-paid employees across the United States” and has established a $ 1 billion creator fund to “support American content creators who make a living” on the platform.<\/span><\/p>\n“TikTok United States user data is stored in the United States with strict controls over employee access,” the statement added.\u00a0\u201cTikTok’s biggest investors come from the United States.\u00a0We are committed to protecting the privacy and security of our users as we work to bring joy to families and careers for those who create content on our platform.\u201d<\/span><\/p>\nTikTok is used by over 800 million people worldwide and is especially popular with young people.\u00a0The confinement rocketed its popularity to 2 billion downloads in\u00a0<\/span>April.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Donald Trump yesterday revealed to reporters aboard Air Force One that he was planning to “ban TikTok” in the United States beginning this Saturday.\u00a0The President of the United States said he is ready to sign an executive order, perhaps under the International Emergency Economic Powers Act, which would bring the ban into effect “essentially immediately.”<\/p>\n","protected":false},"author":41,"featured_media":28504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[119,682,135,288],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_scale,f_auto,fl_progressive,pg_1,q_80,w_1600\/rwqg1weryv4ky3h4yamx.jpg","_links":{"self":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/28501"}],"collection":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/comments?post=28501"}],"version-history":[{"count":1,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/28501\/revisions"}],"predecessor-version":[{"id":28503,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/28501\/revisions\/28503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media\/28504"}],"wp:attachment":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media?parent=28501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/categories?post=28501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/tags?post=28501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}