Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,
TikTok, which boasts more than 170 million users, has been under fire by U.S. legislators over concerns about data privacy and national security. In order to save the app, Trump gave the social media site until April 5 to divest and find a U.S.-based owner.
TikTok users may be experiencing a bit of déjà vu this week, with the app days away from a potential US ban and little concrete information available on its future.