A deal will get done to ensure that TikTok remains available in the U.S., General Atlantic CEO Bill Ford told Axios during an event on Wednesday in Davos, Switzerland. Why it matters: General Atlantic is a major investor in TikTok's Chinese parent company,

President Trump's executive order pausing the TikTok ban for 75 days might not protect the app's technology partners from $850 billion in fines.

TikTok, one of the most popular social media platforms in the United States, has a little more than three months to reach a deal divesting it of Chinese ownership before it goes dark. The app boasts roughly 170 million monthly active users across the country but faces extinction by May if it fails to sell

President Trump has paused the federal ban on TikTok for 75 days, giving ByteDance, the app's China-based owner, time to sell its U.S. assets. In a bold proposal, Trump suggested that a future buyer give the United States a 50% ownership stake in a joint venture.