Commerce Sec. Lutnick says TikTok will go dark if China won’t agree to U.S. control of the social media app

Commerce Sec. Lutnick says TikTok will go dark if China won’t agree to U.S. control of the social media app


Howard Lutnick on TikTok: App will go dark if China won't agree to U.S. control

Commerce Secretary Howard Lutnick said Thursday that TikTok will go dark for Americans unless China agrees to give the U.S. more control over the popular short-form video app.

“We’ve made the decision. You can’t have Chinese control and have something on 100 million American phones,” Lutnick told CNBC’s “Squawk on the Street” on Thursday.

TikTok’s future in the U.S. has been uncertain since 2024, when Congress passed a bill that would ban the platform unless its Chinese owner, ByteDance, divested from it.

Lawmakers had grown concerned that the Chinese government could access sensitive data from American users or manipulate content on the platform.

Deal talks have dragged.

Last month, President Donald Trump extended the deadline for a third time since taking office in January. Now, ByteDance has until Sept. 17. to divest TikTok’s U.S. business.

“Basically, Americans will have control. Americans will own the technology. Americans will control the algorithm. That’s something Donald Trump is willing to do,” Lutnick said.

He added that if China doesn’t approve the deal, “then TikTok is going to go dark.”

It’s not clear where deal talks stand. Trump told Fox News in an interview late last month that he has a group of “very wealthy people” ready to buy the platform.

Earlier this month, the private equity firm Blackstone pulled out of a consortium bid for TikTok’s U.S. operations, according to a report from Reuters.

WATCH: Howard Lutnick on TikTok: App will go dark if China won’t agree to U.S. control

Watch CNBC's full interview with U.S. Commerce Secretary Howard Lutnick



Source

Xiaomi announces HK.5 billion buyback as competition and cost pressures weigh on stock
Technology

Xiaomi announces HK$2.5 billion buyback as competition and cost pressures weigh on stock

Xiaomi logo at an exhibition in Hangzhou, Zhejiang Province, China on November 1, 2025. Cfoto | Future Publishing | Getty Images Chinese tech giant Xiaomi saw its shares pop over 2% in trading on Friday after it announced a stock buyback program worth up to HK$2.5 billion ($321 million).  The repurchase plan comes as the […]

Read More
Jim Cramer says he’s not abandoning the Mag 7 stocks despite recent struggles. Here’s why
Technology

Jim Cramer says he’s not abandoning the Mag 7 stocks despite recent struggles. Here’s why

CNBC’s Jim Cramer said Thursday he’s not bailing on the tech giants known as the Magnificent Seven despite most of those stocks getting off to a sluggish start in 2026. “I think that the money will ultimately flow back to most of the [Mag 7] … because these companies just have too many levers, too […]

Read More
Elon Musk says Tesla taking safety supervisors out of some Robotaxi vehicles in Austin
Technology

Elon Musk says Tesla taking safety supervisors out of some Robotaxi vehicles in Austin

A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, on June 22, 2025 Joel Angel Juarez | Reuters Tesla CEO Elon Musk said on Thursday that his company is now running a small number of its Robotaxi vehicles in Austin, Texas, without a human driver or safety supervisor on board. […]

Read More