Trump rules out extension of TikTok deadline

U.S President Donald Trump ruled out extending the September 15 deadline for Chinese video-sharing social networking platform TikTok to either change its ownership to an American company or shut it down.

In an executive order last month, Trump had set September 15 as the deadline for the Chinese app to either change its ownership to an American company or shut it down.

In the initial stages, Microsoft was said to be involved in negotiations with ByteDance, the Beijing-based internet technology company which owns TikTok.