Report: Trump to Order ByteDance to Divest TikTok

Could TikTok become a purely American company?

According to a report from Bloomberg citing "people familiar with the matter," President Trump will order ByteDance -- parent of the popular micro-video sharing app -- to divest the company.

On Friday, Trump admitted that his administration is considering some kind of action regarding the app. He told reporters gathered at the White House on Friday: "We are looking at TikTok. We may be banning TikTok. We are looking at a lot of alternatives with respect to TikTok." He had previously spoken of the possibility of a ban in remarks made earlier in July.

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Source Fool.com