The Biden Administration is "exploring options" to keep TikTok around in the U.S., even as it races towards a Jan. 19 ban date

Why Was TikTok Banned? Congress voted to ban TikTok in the U.S., citing concerns that the platform's ownership structure posed a security risk. The Biden administration spent mont

Perplexity's plan would allow the U.S. to own up to half of the new entity once it makes an initial offering of at least $300 billion.

A new proposal to stop the ban on TikTok could give the U.S. government a significant stake in the social media app. Submitted by AI company Perplexity, the plan aims to address concerns about data security.

Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.