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Trump Gives TikTok Extra 75 Days To Find Buyer TikTok

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US President Donald Trump on Friday extended the deadline for TikTok to find a non-Chinese buyer or face a ban in the United States, allowing 75 more days to find a solution.

My administration has been working very hard on a deal to save TikTok, and we have made tremendous progress,” Trump said on Truth Social, just hours before the deadline was to expire.

“A transaction requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.”

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The hugely popular video-sharing app, which has more than 170 million American users, is under threat from a US law that passed overwhelmingly last year and orders TikTok to split from its Chinese owner ByteDance or get shut down in the United States.

Trump has insisted his administration is near a deal to find a buyer for TikTok and keep it from shutting down that would involve multiple investors, but has given few details.

READ ALSO: France, Germany Push For More Aggressive Tariffs Response Against Trump

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Motivated by national security fears and belief in Washington that TikTok is controlled by the Chinese government, the ban took effect on January 19, one day before Trump’s inauguration.

In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.

But the Republican president quickly announced an initial 75-day delay and TikTok subsequently restored service to users, returning to the Apple and Google app stores in February.

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The new 75-day delay pushes the deadline to June 19.

Trump has repeatedly downplayed risks that TikTok is in danger, saying he remains confident of finding a buyer for the app’s US business.

The president added on Friday that he would “continue working in good faith with China,” whose government will need to sign off on the transaction.

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The president suggested TikTok could even be part of a broader deal with China to ease the stinging tariffs he imposed on Beijing as part of a worldwide blitz of levies.

READ ALSO: US Tariffs To Hit All Countries, Says Trump

We do not want TikTok to ‘go dark.’ We look forward to working with TikTok and China to close the deal,” he added.

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According to reports, the solution in the works would see existing US investors in ByteDance roll over their stakes into a new independent global TikTok company.

Additional US investors, including Oracle and Blackstone, the private equity firm, would be brought on to reduce ByteDance’s share.

Much of TikTok’s US activity is already housed on Oracle servers, and the company’s chairman, Larry Ellison, is a longtime Trump ally.

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ABC News reported on Friday that Walmart was also in the mix.

The retail behemoth as well as Oracle were previously rumored to be taking shares in TikTok when Trump tried to wrest the company from its Chinese owners during his first administration.

Trump supported a ban or divestment in his first term, but lately became a TikTok defender, seeing it as a reason more young voters supported him in November’s election.

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READ ALSO: Navy Seizes 400,000 Litres Of Stolen Crude In Delta Operation

– What about the algorithm? –

Uncertainty remains, particularly over what would happen to TikTok’s valuable algorithm.

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TikTok without its algorithm is like Harry Potter without his wand — it’s simply not as powerful,” said Forrester Principal Analyst Kelsey Chickering.

The New York Times suggested the new company could license the algorithm from ByteDance.

But such an arrangement would go against the spirit of the law, which is in part based on the premise that TikTok’s algorithm can be weaponized by the Chinese against US interests.

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Amazon has also reportedly made a last-minute bid to buy TikTok.

Other proposals include an initiative called “The People’s Bid for TikTok,” launched by real estate and sports tycoon Frank McCourt’s Project Liberty initiative.

Artificial intelligence startup Perplexity recently expressed interest in buying TikTok, as did a joint venture involving YouTube mega-celebrity MrBeast and another bid from adult content platform OnlyFans.

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EU Fines Elon Musk’s X €120m For Violating Digital Content Rules

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Elon Musk’s social media platform, X, has been hit with a €120 million ($140 million) fine by European Union tech regulators for violating multiple provisions of the EU’s Digital Services Act (DSA).

This marks the first significant penalty imposed under this landmark legislation.

On Friday, the European Commission announced the fine, citing various violations by X, including misleading platform features and a lack of transparency in research practices.

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READ ALSO:Elon Musk Deletes Post Claiming Trump Was ‘In The Epstein Files’

Regulators pointed out that one of the violations involved the misleading design of the blue verification checkmark. This feature is now linked to subscription payments instead of identity validation, which the EU described as “deceptive and potentially harmful.”

The Commission also criticized X for not maintaining transparent advertising records and for restricting researchers’ access to publicly available data on the platform.

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This ruling is likely to heighten diplomatic tensions between Brussels and Washington. U.S. officials from the Trump administration had previously condemned Europe’s regulatory approach toward major tech companies, claiming that EU policies unfairly target American firms and restrict free expression.

READ ALSO:Elon Musk Joins ‘Cancel Netflix’ Campaign

However, the European Commission defended its stance, stating that enforcement under the DSA is not influenced by nationality. They emphasized that the legislation is designed to promote online accountability, protect users, and ensure transparency in digital operations—standards that are increasingly becoming global benchmarks.

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“The DSA does not discriminate by company origin,” the Commission argued, maintaining that the penalties reflect Europe’s commitment to protecting democratic values and responsible digital governance.

The fine marks a significant test case for the EU’s new regulatory regime and could set precedent for similar action against other platforms not in full compliance with the law.

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Nigerian Ringleader Of Nationwide Bank Fraud, Money Laundering Jailed In US, Says FBI

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The Federal Bureau of Investigation (FBI) has announced the sentencing of Nigerian national Oluwaseun Adekoya, the mastermind behind a sprawling bank fraud and money-laundering operation that targeted victims across the United States.

According to investigators, Adekoya, who operated under multiple aliases including “Ace G.,” “BRODA,” “Legendary,” “SANTA,” “SANTANA,” “Sammy LaBanco,” “Sean Maison,” and “Kiing_maison” led a sophisticated criminal network that stole and laundered more than $2 million by impersonating individuals nationwide.

The FBI said the long-running operation, internally code-named Operation Catch Me if You Can, relied on coordinated efforts across numerous law enforcement and banking agencies.

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FBIAlbany headed the investigation, working with partners across the country to dismantle Adekoya’s organisation and secure justice for affected victims.

As part of the announcement, FBI Albany Special Agent in Charge Craig Tremaroli said, “Mr. Adekoya spent almost two decades of his life creating a massive criminal network that stole from hard-working Americans. This sentence ensures he’ll spend the next two decades of his life in federal prison.

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“The FBI is grateful to the numerous law enforcement and banking institution partners who provided the assistance needed to take down Mr. Adekoya and his associates and ensure justice for the victims. We remain deeply committed to using every resource available to investigate and bring to justice any individual or organization focused on defrauding our citizens.”

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Adekoya has now been sentenced to 20 years in federal prison.

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According to the FBI, the case demonstrates its continued commitment to combating financial crimes and protecting Americans from fraud schemes that are growing in scale and sophistication.

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VIDEO: Nigerians In UK Lament Delayed Passport Capturing At ‘Crowded’ Birmingham Centre

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Nigerians in the United Kingdom (UK) have cried out to the Nigerian authorities over delays in renewing their international passports, describing the capturing experience as frustrating.

According to a video from the Nigerian Passport Intervention Centre in Birmingham, sighted by Tribune Online, hundreds of people are seen lurking around while waiting for officials to arrive for the exercise.

In the video, a lady narrated how the crowd had gathered since around 4am on Friday after their names had been taken down the previous day with the promise that the capturing would be done the next day.

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They promised they’re going to start at 9am and at 12pm when I was leaving, they’ve not even started attending to people. We heard that the officials were not even at the scene,” she said.

READ ALSO:US Imposes Visa Restrictions On Nigerians Linked To Religious Freedom Violations

Continuing, the video showed the arrival of some of the officials, whom the lady said had asked the crowd to return the next day.

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“While I was walking to my taxi, I saw some of the officials. I recognised them from yesterday when he addressed the people saying ‘Go and come back tomorrow’. The one driving that car was the one who was addressing us yesterday,” she added, referring to a vehicle in the viral clip.

The lady further criticised their attitude to the plight of Nigerians at the centre, saying many, including herself, came with babies.

“It’s so shameful that Nigeria will still happen to you even if you’re outside Nigeria. It’s the people, not only the government,” she added.

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READ ALSO:Trump Unveils Fast-track Visas For World Cup Ticket Holders

Reacting to the video, another user simply identified as OduduAbasi Umo-Odiong, posted two short clips showing people agitated at the centre.

People are already getting agitated today. The frustration is rising and the situation is becoming tense,” he captioned.

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However, an X user, identified as Williams Ibironke, disagreed with the information in the video, saying the officials work till midnight.

The information she posted was purposely made as content to miss direct people. those pple are working til midnight everyday, they closed @3am so how can they resume early again. I did mine @12:33am this morning and I still left people there, meaning they may not close until 2am,” he posted.

READ ALSO:Trump Orders Tougher Visa Screening Regime

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Other X users reacting to the video called on the Minister of Interior, Olubunmi Tunji-Ojo, to act swiftly on the issue, wondering how the positive reform he introduced is addressing the issue.

“Someone has fingered a working system to their benefit. Just a few weeks ago, you can start and finish your passport renewal process on your mobile phone without leaving your home.

“What happened to that positive change?,” a user asked.

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All possible efforts to get Nigerian authorities’ reaction to the issue proved abortive as of the time of filing this report as neither the Minister nor the Interior Ministry responded to messages sent to them.

Watch video here

Source: Nigerian Tribune

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