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US President Donald Trump said Monday the US government should get a “substantial portion” of the sales price of the US operations of popular short-video app TikTok and warned he will ban the service in the United States on September 15 without a sale. The turnaround came after Trump on Friday said he was planning to ban the Chinese-owned video app’s US operations as soon as Saturday after dismissing a possible sale to Microsoft.
Reuters reported last week that some investors are valuing TikTok at about $50 billion, citing people familiar with the matter.
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