The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed.

Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.

A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon.

Many people are listing iPhones with TikTok installed on eBay for thousands of dollars as the app remains absent on Google and Apple app stores.

Tennis star Coco Gauff has mourned the loss of TikTok’s app back home. The 20-year-old from Florida wrote “RIP TikTok USA” on a TV camera lens and drew a broken heart right after winning a match at the Australian Open to reach the quarterfinals.

While the United States will likely become the first country to ban TikTok outright, many others are concerned about the platform's ties to China.

President Trump signed an executive order delaying the enforcement of the TikTok ban for 75 days and proposed that the U.S. should “own 50%” of the platform.