Trump, 78 – who recently returned to the White House, after a four-year absence – confirmed that there “could” soon be an announcement about TikTok’s future. The situation has drawn attention from tech industry leaders, investors, and political figures on both sides of the aisle.

TikTok could have one or a few new owners, be banned again, or simply receive another reprieve to continue operating in the U.S. Questions about the fate of the popular app has continued to linger since a law requiring its China-based parent company to divest or face a ban took effect on Jan.

With an April 5 deadline looming, TikTok could be sold, banned again, or given another extension. Here’s what’s at stake.

A US law is forcing TikTok's Chinese-owned parent company ByteDance to divest from the platform or face a ban. View on euronews

After taking office, President Donald Trump gave TikTok a 75-day reprieve by signing an executive order that delayed enforcement of the statute until April 5.