US Grants 75-Day Extension for TikTok: What It Means for App Store Users

The US government has extended the deadline for ByteDance to sell TikTok to an American company until June 18, allowing Apple to keep the app in the App Store for another 75 days. This extension follows President Trump's executive order aimed at addressing concerns over user data storage on Chinese servers. A deal is reportedly close to finalize a US-based version of TikTok, with major investors like Andreessen Horowitz, Blackstone, and Oracle forming a consortium known as 'TikTok America.' The new company would be majority-owned by US investors, with ByteDance retaining a 20 percent stake.