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.

An executive order is an instruction from the president which has the weight of the law behind it. But Trump's order does not overturn the ban. Instead it tells the US attorney general not to enforce the law for now - something experts had expected would be his first move.

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.

General Atlantic CEO and ByteDance board member Bill Ford said Wednesday that he believes TikTok will soon reach a deal to remain in the U.S. “It’s in everybody’s interest,” Ford said at an Axios event on the sidelines of the World Economic Forum in Davos,

A deal will get done to ensure that TikTok remains available in the U.S., General Atlantic CEO Bill Ford told Axios during an event on Wednesday in Davos, Switzerland. Why it matters: General Atlantic is a major investor in TikTok's Chinese parent company,