A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon.

President Donald Trump had recently expressed his support in SpaceX and Tesla CEO Elon Musk or Oracle CEO Larry Ellison purchasing TikTok.

Start-ups with Chinese ties have found it increasingly difficult to do business and list shares in the United States.

President Trump's executive order pausing the TikTok ban for 75 days might not protect the app's technology partners from $850 billion in fines.

TikTok remained unavailable on Apple and Google app stores in the U.S. on Tuesday, a day after President Donald Trump signed an executive order delaying the enforcement of a ban on the popular Chinese-owned short-video app by 75 days.

TikTok reportedly will shut down the app in the U.S. unless the Supreme Court halts a law banning the app unless ByteDance divests its stake.

The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.

In an executive order signed on Monday, Trump instructed the U.S. attorney general to not enforce the ban for 75 days while his administration determines “the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown” of TikTok.

Measure directs Justice Department to not enforce the law for 75 days while administration determines “the appropriate course forward.”

Many people are listing iPhones with TikTok installed on eBay for thousands of dollars as the app remains absent on Google and Apple app stores.

MrBeast's representative clarifies that the YouTube star is not currently part of any TikTok bidding efforts despite earlier speculation.