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Less than three years after merging with Musical.ly, TikTok looked like it might just achieve something many have tried but few have accomplished: becoming an actual competitor with Facebook and Instagram.
Then Donald Trump stepped in.

After weeks of threats, the president delivered an ultimatum to TikTok and its owner ByteDance: sell the appís US operations to an American company or it would be banned. He gave the company little more than a month ó until Sept. 15 ó to find a buyer and figure out how to disentangle itself from its Chinese parent company.
More than a month later, TikTokís future is still uncertain despite multiple interested buyers. China has fired back with new trade rules that could prevent a new owner from gaining access to TikTokís most important feature: its recommendation algorithm.

Now, as the clock ticks down to Trumpís mid-September deadline, TikTok and its potential buyers are frantically working to figure out what it all means for a deal. An algorithm-less TikTok is a very different TikTok, and thereís no guarantee that Microsoft or Oracle would be able to replicate the appís current recommendation magic.

At the same time, Facebook has seized the opportunity to launch its own TikTok competitor with Reels. The Instagram feature so far hasnít had a ton of success in the US, but the company is pushing it hard in other countries.

All that leaves TikTok in a precarious position. While the current uncertainty hasnít affected its ability to keep its millions of users scrolling, that could change. If the company isnít able to secure its future in the US, or is forced to relinquish the technology that makes it so addictive, the appís influence could fade as quickly as it started.