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		</div><p>US President Donald Trump said he will take action as soon as Saturday to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns.</p>
<p>He told reporters on Air Force One as he returned from Florida: “As far as TikTok is concerned, we’re banning them from the United States.</p>
<p>The president said he could use emergency economic powers or an executive order to enforce the action, insisting, “I have that authority” before adding: “It’s going to be signed tomorrow.”</p>
<p>Reports by Bloomberg News and the Wall Street Journal citing anonymous sources said the administration could soon announce a decision ordering ByteDance to divest its ownership in TikTok.</p>
<p>There have been reports of US tech giants and financial firms being interested in buying or investing in TikTok as the Trump administration sets its sights on the app.</p>
<p>The New York Times and Fox Business, citing an unidentified source, reported Microsoft is in talks to buy TikTok. Microsoft declined to comment.</p>
<p>TikTok issued a statement Friday saying that, “While we do not comment on rumors or speculation, we are confident in the long-term success of TikTok.”</p>
<p>ByteDance launched TikTok in 2017, then bought Musical.ly, a video service popular with teens in the US and Europe, and combined the two. A twin service, Douyin, is available for Chinese users.</p>
<p>TikTok’s fun, goofy videos and ease of use has made it immensely popular, and US tech giants like Facebook and Snapchat see it as a competitive threat.</p>
<p>But its Chinese ownership has raised concerns about the censorship of videos, including those critical of the Chinese government, and the potential for sharing user data with Chinese officials.</p>
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