Latest Steven Mnuchin News
Trump says Microsoft is one of the companies eyeing TikTok
President Donald Trump said Monday evening that Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April. “I would say yes,” Trump told reporters when asked if Microsoft was one of the...
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter. The proposal,...
MrBeast not quite in the bidding race for TikTok just yet, rep says
Jimmy Donaldson — better known online as MrBeast — isn't in the TikTok bidding race just yet, according to a representative for the YouTube star. Donaldson stirred interest in a Jan. 13 post on X saying he’d “buy TikTok so it doesn’t get banned.” The next day, Donaldson...
From backing a ban to being hailed as a savior: Inside Trump's TikTok shift
NEW YORK (AP) — During his first term as president, Donald Trump led the effort to ban TikTok, the hugely popular video-sharing site he said posed a threat to U.S. national security. But on the eve of his return to the White House, the president-elect is being hailed as the app's savior. ...
TikTok says it will 'go dark' unless it gets clarity from Biden following Supreme Court ruling
WASHINGTON (AP) — TikTok said it will have to “go dark” this weekend unless the outgoing Biden administration assures the company it won’t enforce a shutdown of the popular app after the Supreme Court on Friday unanimously upheld the federal law banning the app unless it’s sold by its...
Who could buy TikTok? Only a few parties are serious about offering
NEW YORK (AP) — The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations. Several parties have expressed interest in buying...
