TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.

Fearing enormous fines, Google and Apple held off from reinstating TikTok to their app stores until the DOJ sent them a second version of President Trump’s “written guidance.”

The only reason U.S. companies can still do business with TikTok is because Trump says he won’t enforce the law. It also gives him leverage.

The bidding on TikTok just got fiercer. Reddit co-founder Alexis Ohanian is tossing his hat into the ring by joining Frank McCourt, former Los Angeles Dodgers owner, in his bid to acquire TikTok. According to McCourt, “He has that broad portfolio of experience … of where social media was and, I think, a keen understanding of where it’s evolving.”

If you’ve been paying attention to what’s happening with TikTok, you might feel a little whiplash. One minute, TikTok is one of the fastest-growing e-commerce platforms in the U.S., reaching 175 million users. The next, it’s banned, unbanned, and, at press time, dangling in legal limbo.

In a bid to take on YouTube, TikTok is revamping its desktop platform with the addition of several new features. The company announced on Thursday that

TikTok has returned to the Google Play Store and the Apple App Store after almost a month thanks to President Donald Trump’s pledge to save it. The app became available on Thursday. It was banned on January 18 in response to the US national security law.

MPs on the Science, Innovation and Technology Committee question Google, TikTok, Meta and X across two panels as part of its inquiry into misinformation and harmful algorithms.