NEWSLETTER
(Reuters) -TikTok remained unavailable in the Apple (NASDAQ ) and Google (NASDAQ ) app stores in the U.S. on Tuesday, a day after President Donald Trump signed an executive order delaying the app. a ban on the popular Chinese-owned short-video app for 75 days.
The order came amid growing doubts about the future of the app that disappeared on Saturday, shortly before a law that cited national security went into effect on Sunday to say Chinese owner ByteDance should sell it or face a ban on the US
Although TikTok resumed service after assurances from Trump that the company and its partners would not face heavy fines to keep the app up and running, it had not yet returned to app stores.
Analysts doubt the delay could be because Google and Apple are waiting for additional protections before circumventing the ban that punishes companies for hosting or distributing the app.
Apple's App Store said: “TikTok and other ByteDance apps are not available in the country or region you are in,” while Google Play showed: “Downloads of this app are paused due to current legal requirements.” USA.”
Google, Apple and TikTok did not respond to requests for comment.
Meanwhile, former US Treasury Secretary Steven Mnuchin told CNBC that he had paused his bid for TikTok because China was unwilling to negotiate, but would be “very interested” in investing.
“The idea would be to transfer all the technology so that it no longer interacts with ByteDance in the future,” Mnuchin said.
Mnuchin described TikTok as a “fantastic business” and said he and his partners had plans to rebuild its technology.
Bill Ford (NYSE:), CEO of TikTok investor General Atlantic, also told CNBC that there were ways to change TikTok's U.S. ownership that don't necessarily involve selling it and that the app's parent company was already 60% % by non-Chinese shareholders.
Mnuchin and Ford did not immediately respond to Reuters requests for comment.
ByteDance is almost 60% owned by institutional investors such as BlackRock (NYSE and General Atlantic, while its founders and employees own 20% each.
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