The President also warned he will ban the app, which is owned by China’s ByteDance, on 15 September if there is no deal.
ByteDance is under pressure to sell its US business after Mr Trump threatened a crackdown on Chinese tech companies.
The request for payment to the US Treasury further complicated negotiations as legal experts highlighted that such a demand to secure regulatory approval for a takeover deal would be highly unorthodox.
UK MP Calls for Security Check into TikTok Before London HQ is built
Neil O’Brien – co-founder of the China Research Group of Tory MPs – said the intelligence services should publish a report into the matter.
Mr O’Brien said he was not opposed in principle to the idea of TikTok being based in London, but said “It would be useful for the government to use the kind of specialists in cyber-security that only it has access to, to give us a definitive view of whether the app is safe’.
President Trump’s threat to ban TikTok in the US forced the app to ditch plans to establish its headquarters there.
One current moderator said that without long-term commitments, this was a “PR stunt that will pass when they get enough of the reports that they want”.
The boycott, which was most recently joined by Britain’s Innocent Drinks, Pukka Herbs and the ready-meal company Cook, was organised from mid-June as a response to Facebook’s perceived inaction over hate speech on the site.
Many have doubted the efficacy of the boycott, as a majority of Facebook’s advertising comes from much smaller companies.
The boycott comes at a time when Facebook, together with the other tech giants are under scrutiny from the US Congress.
Twitter Criticised for not Stopping Racist Abuse Online
The Labour MP reported a user to the Metropolitan Police on Sunday after getting a tweet using a racial slur and saying he would “hang from a lamppost”.
But the user’s account wasn’t suspended until Monday, after further tweets from Mr Lammy highlighting the abuse.
Twitter said racist behaviour had “no place on our service”. A spokesman for the company said it had suspended the account for violating its hateful conduct policy.
Home Secretary Priti Patel called for Twitter to take “decisive action” faster in such cases and Labour leader Sir Keir Starmer also condemned the abuse, saying: “Social media platforms must be quicker at taking action against hate’.