TikTok’s imminent future in the US still hangs in the balance. Besides a potential new owner, this is what may happen after the April 5 deadline elapses. View on euronews

TikTok faces a Saturday deadline to change its ownership structure. President Donald Trump remains optimistic, suggesting that a deal is imminent and China will ultimately give in. #TikTok #ByteDance

President Donald Trump said over the weekend there are lots of potential buyers and said he'd like to keep the app alive. The administration has set an April 5 deadline for the app to be banned if it is not sold by it's Chinese-owned parent company, ByteDance.

Despite a last-minute save by President Donald Trump in January, the fate of TikTok remains murky as the deadline to save the app approaches. TikTok, which boasts more than 170 million users, has been under fire by U.

As a bipartisan law threatens to ban TikTok, ByteDance faces an ultimatum to sell at least 80% of the app to a non-Chinese entity by tomorrow.

YouTube announced new video creation tools for short videos ahead of a pending deadline for TikTok owner ByteDance to sell it or be banned from the United States.

The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.

TikTok is once again counting down to a federal ban, unless some kind of a deal is struck by the end of the week. The popular social media app faces a Saturday deadline to sell itself to a buyer deemed fit by US officials or face being banned in this country.