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What is the short term outlook for ITL Industries Limited (522183) ✌️【Investment Tools】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. The potential executive order, which wasfirst reported by The Washington Post, would strive to allow TikTok’s170 million American usersto continue to use the app for a certain period of time as the administration sorts out who could potentially buy it.

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Because the ban would take place a day before Trump takes office, an executive order on January 20 wouldn’t even be an 11th-hour attempt to save TikTok – it would have already been banned at that point.

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“The stakes here are high: As a practical matter, even if the Court rules that the law is constitutional by the January deadline, ByteDance cannot divest TikTok in that limited time,” the senators wrote in their letter, sent December 19.

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But even if TikTok shuts itself down Sunday, that doesn’t mean it would go dark forever. It could ultimately sell itself to an American buyer down the road, which would presumably turn TikTok back on for American users.

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ByteDance has long been adamant that it has no intention of selling itself. TikTok’s magical algorithm that keeps you hooked on the app is its secret power, and putting a price tag on such a valuable commodity, envied by every other social media app, is difficult. Spinning off an American-only version of TikTok could also mean the rest of the world has to download a new app to access US users’ content. YetBloombergand theWall Street Journalreported earlier this week thatChina is weighing a sale — to Elon Musk.

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O’Leary and McCourt’s bid, valuing the app at roughly $20 billion, is partly crowdfunded from the public. But it would not include an acquisition of the app’s algorithm, the key to its success and also US officials’ biggest security concern. O’Leary tells 【 - Free Signals Group 】 the offer has been disseminated to interested parties, but it remains unclear whether the company will choose to engage.

“Both administrations have seen the offer and have access to it, as do all American shareholders of ByteDance,” O’Leary said in an interview. “And we have made sure ByteDance itself has it in its possession.”

If ByteDance chooses to engage, Trump could perhaps argue that significant progress has been made on a deal and delay the ban.

What is the short term outlook for ITL Industries Limited (522183) ✌️【Investment Tools】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. A Trump executive order would be only a step in the process to keep TikTok online – not the be-all and end-all for the app. But it might keep the lights on just a little longer.

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