There are only two weeks left for the deadline extended by President Donald Trump for the video sharing platform Tik Tok. During this period, big technology companies like Oracle and Walmart have moved to buy TikTok. However, the owner, Chinese company ByteDance, is more interested in shutting down the business in the US than selling TikTok.

Along with this, there is uncertainty about the future of TikTok, one of the most popular social networks in the US with around 180 million users. After ByteDance did not sell TikTok, TikTok was banned in the US for two days last January.

The US government, citing national security risks, has implemented a law requiring US ownership of the app to either be sold to local investors or the app banned. ByteDance was initially given a deadline of January 19 to make a decision on this issue, but Trump has extended 75 days.

NBC's market analyst estimates that the US business of TikTok would be worth around $50 billion if sold. According to media reports, American billionaire Red Rashner has sent an offer to ByteDance that he is ready to buy TikTok for about 48 billion US dollars.

Similarly, Reddit co-founder Alexis Ohanian said he would help Los Angeles billionaire Frank McCourt buy TikTok. According to the analysis of the American media Politico, the software company Oracle is moving forward with the White House for the purchase of TikTok.

The American administration gave an ultimatum to ban TikTok, expressing the suspicion that Tiktok collects personal data of a large number of American users and that it may be misused. Trump added that as the April 5 deadline neared, he revealed at an event on Air Force One last week that four different groups were interested in buying TikTok's US business. Interested buyers include former Los Angeles Dodgers owner Frank McCurt, who heads Project Library, and investment banker Steven Manuson. 

Meta, Google, Oracle, Microsoft, Walmart, even famous YouTuber Mr. Beast have come as potential buyers of TikTok. All these investors are in the stake of buying Tiktok's business, which is considered attractive in America by forming their own group. 

According to the Associated Press, the American AI company 'Perplexity AI' has also proposed to merge TikTok with its American operation Perplexity. YouTuber Mr. Beast (Jimmy Donaldson) is in talks with some investors to buy TikTok, his spokesman Matthew Hilzik told AP. 

Meanwhile, Trump has given the responsibility of mediating the sale and purchase of TikTok to US Vice President JD Vance and National Security Advisor Mike Waltz. Vance expressed his belief that the Tiktok purchase and sale agreement will be completed within the specified time frame in the event organized on Friday, as national security interests will be addressed.

Vance said they took this step to protect against possible breaches of US user data and the impact foreign advertisers could have on US citizens. "We are aware of the risk it can bring to national security when a platform with such wide reach and influence is under the direct influence of a foreign company," Vance said. 

On the other hand, ByteDance has been responding to the official statements made in places including the US Parliament that they did not misuse the user's data and that the US government's allegations were only suspicions as the matter related to US users did not go outside the US. ByteDance and some US TikTok users have also argued that the ban on the app violates their right to free speech.

Ever since Tiktok entered the US market in 2017, the controversy has started. The US began monitoring ByteDance in 2019 amid data privacy concerns. In 2020, then-President Trump proposed banning TikTok, saying it posed a threat to national security. A court order halted the ban at the time, but the Joe Biden administration reinstated it in 2021. After the law was passed by the US Parliament in 2024, Tiktok was given an ultimatum to either sell the US business or face the ban in the US.

After the decision of the US government, two different types of activities appeared in the technology market, according to Forbes analysis. A kind of 

If Tik Tok is banned, a large number of users will be attracted to them and they have estimated that it will benefit them. Another type of company hopes to further increase its market dominance if it can take over the American business. 

ByteDance has failed in its lawsuit filed in the US court demanding to stop the possible ban on TikTok. The company has been saying that it will initially look for legal options and if not, it will face sanctions. Trump said that he wants to save Tiktok, he will talk to China about this issue and he is hoping that China will accept one of the four options he has given. 

The US is TikTok's largest market by users. China has interpreted the US legal block on ByteDance as a move politically motivated and out of fear of competition. NBC News noted that this week is important to clarify what the future of TikTok will be in the US and whether or not the mediator role that the Trump administration is trying to play will be successful.