Monday, July 22, 2024

TikTok’s deadline comes and goes with no sales or bans, for now

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After months of quarrels, proposals, court decisions and a few extensions, a deadline set by the Trump administration’s Treasury Department mandated a sale for TIC Tac by today, December 4. The day is almost over (on the East Coast, anyway), and there is no word of a made deal or rumor that we will hear about it. Instead, Bloomberg and Reuters report, based on anonymous sources, that the Chinese company and the US government will continue negotiations.

Neither side has commented publicly, but according to reports, we shouldn’t expect a new deadline. While the Committee on Foreign Investment (CFIUS) may adopt some enforcement of a corporate ban, there is no indication of when or in what form that could happen. So … are we gonna keep waiting?


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