ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

Trump spoke to NBC News' Kristen Welker in an exclusive phone interview Saturday, discussing his plans on what to do about the popular social media app.

The Media Copilot’ founder Pete Pachal discusses the looming TikTok ban in the United States and the potential effects on ‘Fox News Live.’

“Our position on this has been clear: TikTok should continue to operate under American ownership. Given the timing of when it goes into effect over a holiday weekend a day before inauguration, it will be up to the next administration to implement,” read the statement.

U.S. President-elect Donald Trump on Saturday said he would "most likely" give TikTok a 90-day reprieve from a potential ban in the United States after he takes office on Monday.

The Supreme Court ruled on Friday, Jan. 17, to uphold a law that would ban the app for the 170 million people who use the app in the U.S. The ruling lines up with decisions other courts have made and sets up the ban to go into effect on Sunday, Jan. 19.

Shanghai-based Xiaohongshu, or RedNote as it is known in English, is a Chinese social media platform growing in popularity as an alternative to TikTok, but with the same security risks.

President-elect Donald Trump said he will "most likely" give TikTok a 90-day grace period to avoid getting banned once he takes office on Jan. 20.

Social media platform TikTok said it will be "forced to go dark" on Sunday unless the White House gives a "definitive" statement about its future, the company said in an announcement Friday night.

Shutting down the popular app is audacious. It’s also a sign that officials really believe the alternative is unacceptable.

President-elect Donald Trump said Saturday that he may give TikTok 90 days to work out a deal that would allow the platform to avoid a US ban.