Image: Cath Virginia / The Verge; Getty Images

At a victory rally the day before being sworn into the presidency, Donald Trump extolled his plan to “save TikTok” from the law that banned it through a joint venture with the US.

On its face, the plan does not appear to comply with the law’s requirements for a qualified divestiture that TikTok’s service providers like Apple, Google, and Oracle could rely on to avoid hundreds of billions in potential fines. Even so, at least some of TikTok’s service providers seem to be relying on Trump’s flimsy promises, allowing TikTok to restore service to the app mid-day Sunday, on the first day of its ban.

Trump is proposing a joint venture where the US government owns 50 percent of TikTok. That raises a host of its own First Amendment issues since any content moderation whatsoever might be considered a government act, and the Constitution prohibits the government (not private companies) from infringing on speech.

It’s not entirely clear how Trump envisions this all playing out, but Trump says, essentially, that TikTok would have a “partner” in the US government, “and they’ll have a lot of bidders and the United States will do what we call a joint venture.” Trump claims there is “no risk” to the US because “we’re not putting up any money. All we’re doing is giving them the approval without which they don’t have anything. So, I don’t know, it sounds like that works.”

Trump also reinforced the idea that the whole reason he likes TikTok is because he thinks it helped his campaign. He credited his 21-year-old staffer, nicknamed “TikTok Jack,” for helping him get on the app that helped him win over young voters.

And though the stated purpose of forcing TikTok to divest from its parent company ByteDance (a move Trump himself first tried to do in his first term) was to remove a possible backdoor for the Chinese government to US data, he now says that “frankly, we have no choice, we have to save it — a lot of jobs. We don’t wanna give our business to China.”

Here’s Trump’s full comments on TikTok during the rally:

And as of today, TikTok is back. So, you know, I did a little TikTok thing we have a guy, TikTok Jack he’s a young kid, like 21 years old. And we hired this guy, and I went on TikTok; can you believe what I’ll do to win an election?And we went on TikTok and Republicans have never won the young vote, the youth vote. They win a lot of votes, but they never won the youth vote. We won the youth vote by 36 points. So I like TikTok. I like it. I had a slightly good experience wouldn’t you say?

Romney lost it by 40 points not so long ago. We won it by 36 points. That’s a very big spread.But I said, we need to save TikTok, because we’re talking about a tremendous — who, who in this audience goes with TikTok? Many? Yeah, very popular. And frankly, we have no choice, we have to save it — a lot of jobs. We don’t wanna give our business to China, we don’t wanna give our business to other people. And I said, you know, TikTok without my approval — meaning the president’s approval because Congress gave the president the right to make a deal to whatever he wants and uh… they did that a long time ago when they have a different president. They didn’t know that I was gonna be at the president, I guess.

So I said very simply, a joint venture. So, if TikTok is worth nothing, zero without an approval, you know you don’t approve, they’re out of business, they’re worth nothing.

If you do approve, they’re worth like a trillion dollars, they’re worth some crazy number. So I said, I’ll approve, but let the United States of America own 50% of TikTok.I’m approving on behalf of the United States.

So they’ll have a partner, the United States, and they’ll have a lot of bidders and the United States will do what we call a joint venture. And there’s no risk, we’re not putting up any money. All we’re doing is giving them the approval without which they don’t have anything. So, I don’t know, it sounds like that works. What do you think, good? So, whether you like TikTok or not, we’re gonna make a lot of money.