Trump issued an executive order on Jan. 20 to extend the ban on TikTok, implemented by former President Joe Biden last year. The order granted a 75-day extension, which Trump said will allow him to consult with his advisors and heads of "relevant" departments and agencies to address national security concerns posed by TikTok.

The new president is tossing out some of the biggest names in the tech world as possible buyers of TikTok’s US operations, most recently Microsoft. 'I like bidding wars because you make your best deals.

The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.

President Donald Trump said Monday that Microsoft is in talks to acquire TikTok as the app's future in the US continues to face uncertainty.