TikTok keeps ticking in US as deadline for asset sale passes

TikTok continued serving up short videos in the US despite missing a Trump administration deadline to come up with an acceptable deal to put its American assets into US hands.

Talks between TikTok parent ByteDance and government negotiators were continuing despite the missed deadline set by the Committee on Foreign Investment to carry out an executive order by President Donald Trump, according to a source familiar with the matter.

“The committee is engaging with ByteDance to complete the divestment and other steps necessary to resolve the national security risks arising from the transaction, consistent with the president’s August 14 order,” said a spokesperson for the Treasury, which oversees the committee.