President Donald Trump is obsessed with saving TikTok and one solution he and his people are weighing, bankers say, is the creation of a US sovereign wealth fund to buy the popular video-sharing app from the Chinese,

The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed.

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.

The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.

Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.

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.

"It's in everybody's interest,” Ford told Axios at an event in Davos, Switzerland. Ford is on the board of directors for ByteDance, Tiktok’s Chinese parent company. “We'll get on with it ...

Tennis star Coco Gauff has mourned the loss of TikTok’s app back home. The 20-year-old from Florida wrote “RIP TikTok USA” on a TV camera lens and drew a broken heart right after winning a match at the Australian Open to reach the quarterfinals.

Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be options "short of divestiture" on the table.

U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.

As deadly wildfires raged through Los Angeles, California in January 2025, social media users claimed a video showed foreigners or immigrants in the city dancing to celebrate the blazes outside their window.

Donald Trump sits down for a second time Thursday night with Fox News host Sean Hannity after he announced earlier he’s ordering the declassification and release of all remaining records relating to the assassinations of President John F. Kennedy, Robert F Kennedy Sr, and the Rev Dr Martin Luther King Jr.