President-elect Trump suggested Sunday that he might let TikTok stick around in the U.S., boasting his success on the app.
Why it matters: The popular short-form video app could be banned in the U.S. in less than a month — but Trump, who threatened to boot the app during his first term, has suggested he'd offer TikTok a lifeline.
Republican members of Congress took to the Sunday shows to praise Trump lieutenant Elon Musk's involvement in last week's government funding saga, with one likening him to "our prime minister."
Why it matters: The tech billionaire's influence is being fueled by threats to fund electoral challenges against those who defy him, creating a powerful incentive for Republicans to go along with his demands.
In less than a month, TikTok could be banned in the U.S. — and the fate of a multibillion-dollar creator economy is at stake.
Why it matters: The global influencer industry is worth about $250 billion, Goldman Sachs estimates. TikTok is where the big money is, and where many influencers have built their largest and most loyal followings.
