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.
New U.S. President Donald Trump signed an executive order on Monday seeking to delay by 75 days the enforcement of a ban of TikTok. The app in the U.S. was slated to be shuttered on Jan. 19.
“The objective is for TikTok to continue operating,” General Atlantic CEO Bill Ford (NYSE:F) said during a panel debate at the World Economic Forum in Davos. “I have a sense of optimism that we can meet U.S. security needs and not sell the company.”
General Atlantic is also an investor in TikTok’s parent company.
