The TikTok saga just got murkier. Despite President Trump's claims of "progress" on a deal with China and his thanks for "TikTok approval," the actual status of ByteDance's mandated sale to US investors remains frustratingly unclear. The mixed messaging leaves 170 million American users still wondering if their app will survive the regulatory storm.
The TikTok deal everyone's been waiting for might still be a mirage. President Trump's latest update on the ByteDance sale has managed to be both optimistic and confusing at the same time, leaving industry watchers scratching their heads about what's actually happening.
"I just completed a very productive call with President Xi of China. We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal," Trump posted on Truth Social Friday evening. He then added: "appreciate the TikTok approval, and both look forward to meeting at APEC!"
Here's the problem - "appreciate the TikTok approval" sounds like Xi gave his blessing, but "we made progress" suggests they're still negotiating. It's classic diplomatic doublespeak that leaves everyone guessing.
TikTok itself seemed just as confused. The company's response on X was carefully worded: "We thank President Xi Jinping and President Donald J. Trump for their efforts to preserve TikTok in the United States. ByteDance will work in accordance with applicable laws to ensure TikTok remains available to American users through TikTok U.S."
That's corporate speak for "we're still figuring this out."
This latest development puts us right back where we started earlier this week. The Trump administration had announced a "framework" agreement on Monday, promising approval by Friday. Instead, they extended the January 2025 sale deadline for the fourth time. Recent reporting suggests the actual deal completion could take another 30 to 45 days.
The proposed buyers are a heavyweight consortium including Oracle, venture capital firm Andreessen Horowitz, and trading firm Susquehanna International Group. Under the deal structure, ByteDance would retain just under 20% ownership - the maximum allowed under the divest-or-ban law Congress passed in 2024.
The technical hurdles are significant. The consortium plans to develop a completely new recommendation algorithm, walled off from Chinese control. That's not just a software update - it's rebuilding the core engine that makes TikTok addictive for its 170 million American users.
