It has been over 140 days since The U.S. Supreme
Court unanimously upheld a law that required TikTok to separate from its China-based
parent ByteDance or be banned in the country. President Donald Trump, however, plans his third extension for the social-media platform's fate in America.
According to a report from The Wall
Street Journal, Trump is expected to sign another executive order to push back the upcoming June 18 expiration date set with the president's previous 75-day extension signed in April.
Despite promises from Trump and Vice President J.D. Vance that the White House would reach a
TikTok selloff deal in early April, business interests from a handful of
companies did not materialize due to steep widespread tariffs Trump imposed on China days before a deal was reportedly close to being made.
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Trump’s first extension of the TikTok
sell-off bill came directly after he took office in January, with TikTok returning to app stores
less than a month later.
Trump's continued delays to the law passed by Congress earlier this year are legally dubious. They have been passed by executive orders, not official acts, such as the
proposed Extend the TikTok Deadline Act – a bill that lawmakers urged Trump to support in February that would push the deadline until
October 16.
However, no one has yet to challenge Trump's actions in the Republican-run Congress.
It is unclear which companies, if any, are still interested in buying TikTok, or
whether ByteDance is open to facilitating a deal.
If TikTok continues to avoid a ban in the U.S., its global ad revenue is forecast to reach $32.4 billion this year -- marking a faster growth rate than rival
platforms like Meta-owned Facebook and Instagram -- taking an 11% share of the global social media market, according to WARC.