The app, which serves over 170 million American users, was temporarily shutdown over the weekend after a law banning its operations took effect, pointing to national security issues tied to its Chinese parent company, ByteDance.

In a statement, TikTok announced that it was working with its service providers to bring the platform back online with gratitude to President Trump for his promise to resolve the issue. 

The company added, “TikTok is deeply appreciated by millions of Americans and supports countless small businesses. We look forward to finalising a solution that ensures its continued operation.”

President Trump plans to issue an executive order on Monday, delaying the enforcement of the ban to allow time for negotiations. He proposed a joint venture where U.S. investors would hold a 50% stake in TikTok, ensuring the app aligns with national security interests. 

Trump stated, “TikTok is nothing without U.S. approval, but with it, the platform’s value soars. We’re taking steps to protect data security while preserving a service loved by millions.”

This approach is a shift from Trump’s earlier stand in 2020, when he attempted to ban TikTok outright over allegations of data sharing with the Chinese government. Now, he acknowledges the app’s influence, particularly in engaging younger audiences during his recent presidential campaign.

TikTok’s shutdown over the weekend revealed the issues between the U.S. and China over data privacy and technology. China’s Ministry of Foreign Affairs urged the U.S. to provide a fair business environment for TikTok, with spokesperson Mao Ning commenting, “We hope the U.S. makes decisions based on reason and does not discriminate against foreign firms.”

The ban, enforced under bipartisan legislation, resulted from the prospective misuse of American user data by ByteDance. Lawmakers had given the company a deadline to either divest its U.S. operations or face a ban. ByteDance had previously explored selling TikTok’s U.S. assets to companies like Oracle and Walmart in 2020.

The disruption caused worries among TikTok users and businesses that rely on the platform for income. Social media was flooded with posts from users frustrated and uncertain, while marketing firms reliant on TikTok’s advertising ecosystem rushed to implement contingency plans.

Again, searches for virtual private networks (VPNs) surged as users sought alternative ways to access the app. Rival platforms like Meta and Snap have seen increased user engagement and investor interest as speculation about TikTok’s future continues.

Trump’s proposed joint venture could serve as a blueprint for resolving disputes surrounding other Chinese-owned apps operating in the U.S. However, lawmakers and ByteDance still need to agree to the terms. 

Meanwhile, TikTok CEO Shou Zi Chew has reportedly been invited to attend Trump’s inauguration, noting the administration’s focus on resolving the issue amicably.

This follows national security issues about TikTok’s parent company, ByteDance, and its ties to the Chinese government.

Reports reveal that Beijing prefers TikTok to remain under ByteDance’s control. However, discussions about alternative outcomes have begun as pressure increases in the U.S., where a Supreme Court ruling could enforce a ban on TikTok by 19 January. 

ByteDance has been challenging the ban, arguing that it infringes on constitutional free speech protections, but signs from the court say the law is likely to be upheld.

A possible scenario under consideration involves Musk’s social media platform, X (formerly Twitter), taking over TikTok’s U.S. operations, allowing the two platforms to collaborate on managing the app’s large American user base and advertising prospects. 

China’s government reportedly holds a “golden share” in ByteDance, a factor that U.S. lawmakers have noted as a possible means for Beijing to influence TikTok’s operations.

While it’s still unknown how much ByteDance is aware of these discussions, there is no confirmed engagement between TikTok, Musk, and Chinese officials regarding such a deal. A TikTok representative dismissed the reports as speculative, stating, “We cannot comment on unfounded claims.”

The stakes are high, as a U.S. ban would prevent Apple and Google from offering TikTok on their app stores for new downloads. While current users could retain access for a time, lack of support services would eventually render the app ineffective.