Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.

First launched in the United States in 2018, the app quickly became the most downloaded social and entertainment app in the world. By 2020, when Americans were looking for ways to

President Donald Trump temporarily halted a ban on TikTok in the US, granting the company and its Chinese parent ByteDance Ltd. more time to reach a deal for the popular app that would resolve long-standing US national security concerns.

Trump said he planned to issue the order to give TikTok’s China-based parent company more time to find an approved buyer before the ban takes full effect.

The Supreme Court seemed to lean Thursday toward upholding a law forcing Chinese parent company ByteDance to sell off TikTok, with all nine justices indicating national security concerns posed by the social media app outweighed potential threats to free speech.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

ByteDance has repeatedly stated it has no desire to sell TikTok, yet O’Leary has been persistent in his campaign to buy the U.S. arm of the platform — even without the algorithm in place.

TikTok is now accessible again in the United States. Just how long that lasts will likely depend on incoming President Donald Trump.

TikTok’s app was removed from prominent app stores on Saturday evening just before as a federal law that bans the popular social media platform

STATEMENT FROM TIKTOK: In agreement with our service providers, TikTok is in the process of restoring service. We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170…

Shark Tank star Kevin O'Leary has made his position quite clear in light of TikTok's impending ban in the US: "I do not want this shut off, not for one second," he told Fox Business. The statement comes as ByteDance,

The rise of TikTok as a dominant force in social media has been meteoric, redefining how users interact, share, and consume content. From its quirky dance