A group of American investors, including Oracle, Silver Lake, and Andreessen Horowitz, is nearing a deal to assume majority control over TikTok’s U.S. operations. As the negotiations progress, President Donald Trump has extended the deadline to ban the app in the United States to December 16.
A TikTok-promoted gathering spiraled into chaos Saturday night as approximately 300 teenagers descended upon the Woodbridge Center Carnival in New Jersey, overwhelming security and prompting a shutdown of the event.
China has reportedly backed out of a deal to sell TikTok to U.S. investors just one day after President Donald Trump announced sweeping global tariffs.