"Former Treasury Secretary Mnuchin Organizes US Investor Group to Buy TikTok Amid Ban Threats"

1 min read
Source: Fox Business
"Former Treasury Secretary Mnuchin Organizes US Investor Group to Buy TikTok Amid Ban Threats"
Photo: Fox Business
TL;DR Summary

Former Treasury Secretary Steven Mnuchin is assembling a group of U.S. investors to purchase TikTok, citing the need for the popular social media platform to be owned by American businesses. This comes after the House of Representatives passed a bill requiring TikTok's China-based parent company, ByteDance, to sell it to American interests due to national security concerns. Mnuchin, who previously chaired the Committee on Foreign Investment in the U.S., stated that he had President Trump sign an order for TikTok to be sold and still believes it should be.

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