TikTok — Regulatory Order
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President Trump signed executive orders under the International Emergency Economic Powers Act (IEEPA) directing ByteDance to either divest TikTok's US operations within 90 days or face an effective ban. The orders cited national security concerns that TikTok's data collection posed a risk of Chinese government surveillance of American citizens. The orders triggered negotiations with Microsoft, Oracle, and Walmart as potential acquirers.
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