Trump touts his plan to save TikTok during his victory rally

And starting today, TikTok is back. So, you know, I did a little bit of the TikTok thing, there’s a guy named TikTok Jack, he’s a young kid, like 21 years old. And we hired this guy and I started TikTok. Can you believe what I will do to win the election? And we went to TikTok, and the Republican Party has never won the youth vote, the youth vote. They got a lot of votes, but they never got the youth vote. We won the youth vote by 36 points. That’s why I like TikTok. I like it. I hope you had a good experience.

Romney was losing by 40 points not too long ago. We won by 36 points. That’s a very large spread. But I said, we need to save TikTok, because we’re talking about something extraordinary — who in this audience is going to go to TikTok? A lot of them? Yes, it’s very popular. And frankly, we have no choice, we have to save a lot of jobs. We don’t want to transfer our business to China, and we don’t want to transfer our business to anyone else. So I said, you know, you did a TikTok without my approval. That means presidential approval. Because Congress gave the president the right to make whatever deals he wanted, and uh, they did that a long time ago when there was another president. I don’t think they knew I was going to be president.

So I said, very simply, a joint venture. So if TikTok has no value, zero without endorsements, I understand you don’t endorse them, they’re out of business, they’re worth nothing.

If you approve, they would be worth something like $1 trillion, which is a crazy number. So I said, “I approve, but let the United States own 50% of TikTok. I approve on behalf of the United States.”

So they have a partner, the United States, and there are many bidders, and the United States will do what is called a joint venture. There is no risk. we don’t pay. All we do is give them the approval that they can’t do anything without it. So, I don’t know, but it seems to work. What do you think? So whether you like TikTok or not, we’re going to make a lot of money.