Douyin, the Chinese equivalent of TikTok, is very different and "much more pro-social," NYU professor Jonathan Haidt told Business Insider in Davos.

TikTok was restored in the US after Trump (then the president-elect) said he would issue an executive order following his inauguration to extend the period before the law took effect. He signed that order Monday.

Beyond the physical and psychological harm TikTok is causing to young people, the app’s content puts U.S. security at risk by providing the Chinese Communist government with a propaganda megaphone directly targeting 170 million American users.

TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.

General Atlantic CEO and ByteDance board member Bill Ford said Wednesday that he believes TikTok soon will reach a deal to remain in the U.S.  “It’s in everybody’s interest,” Ford said

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

Billionaire Frank McCourt has expressed openness to partnering with other buyers for a bid to acquire TikTok's U.S. operations. Speaking at the World Economic Forum in Davos, McCourt emphasised that while financing is not a challenge,

In his first few days back in office, President Trump is talking about TikTok entirely as a deal making exercise, dropping all of his previously expressed concerns about Chinese influence and American national security.

DAVOS, Switzerland (Reuters) - 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.

DAVOS, Switzerland (Reuters) -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.