Tag Archives: TikTok

Bloomberg News reports: A deadline set by the Trump administration for the forced sale of TikTok’s U.S. assets came and went Friday without a final deal. While the deadline has been extended multiple times, TikTok isn’t expected to receive a new one, said the people, who asked not to be identified because the decision isn’t yet public. TikTok is still …

The Verge reports: TikTok got another reprieve from the Trump administration’s attempted ban today, as a federal judge in Pennsylvania blocked the government from moving ahead with restrictions that would have effectively shut down the app next month. The judge granted a preliminary injunction against a series of bans by the US Commerce Department that were set to go into …

NPR reports: TikTok is toughening its stance against the QAnon conspiracy theory, expanding its ban to all content or accounts that promote videos advancing baseless ideas from the far-right online movement. The action hardens the video-sharing app’s previous enforcement against QAnon that targeted specific hashtags on the app that QAnon supporters have used to spread unfounded theories. Now, users that …

The Verge reports: Oracle CEO Larry Ellison donated $250,000 to a super PAC supporting Sen. Lindsey Graham’s (R-SC) reelection campaign as his company closed in on a coveted position as TikTok’s US technology partner. FEC documents show that Ellison made the $250,000 donation to the Security is Strength PAC on September 14th. The Security is Strength PAC has bought ads …

CNBC reports: A federal judge has temporarily blocked an order from the Trump administration that would have banned TikTok from being downloaded from U.S. app stores. At the end of the day on Sunday, the U.S. government could have forced app stores run by Apple and Google to remove TikTok. But after a hearing on Sunday, Judge Carl Nichols of …

Bloomberg News reports: President Donald Trump said Saturday he wants $5 billion from companies creating a new U.S.-based TikTok venture directed toward teaching American children “the real history of our country.” Trump said Saturday that he had approved a transaction between Oracle Corp., Walmart Inc. and ByteDance Ltd. to create a new company called TikTok Global to run the U.S. …

Reuters reports: Popular video-sharing app TikTok has asked a U.S. judge to block the Trump administration from enforcing a ban on the Chinese social media network, according to court documents filed late on Friday. TikTok and its parent company, ByteDance Ltd., filed a complaint in a Washington federal court challenging the recent prohibitory moves by the Trump administration. The U.S. …

Reuters reports: The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20. Commerce officials said the ban on new U.S. downloads of TikTok could be still rescinded by President Donald Trump before it takes effect late Sunday …

The Verge reports: Sen. Josh Hawley is publicly calling on the Treasury Department to reject Oracle’s proposed partnership with TikTok, saying the arrangement is unacceptable on national security grounds. The deal is currently awaiting a recommendation from the Committee on Foreign Investment in the United States (CFIUS), but it has received praise from Treasury Secretary Steve Mnuchin, who chairs the …

Bloomberg News reports: Oracle Corp. edged out rival Microsoft Corp. in negotiations for the U.S. operations of TikTok, people familiar with the talks said, as the Chinese-owned music-video app attempts to avoid getting shut down in a clash between the world’s two superpowers. Oracle has nurtured a relationship with Trump since before his administration began. In 2016, Chief Executive Officer …

Yahoo Finance reports: Retail giant Walmart said Thursday it had teamed with Microsoft to buy TikTok, the Chinese-owned short-form video app that has come under fire from the administration of President Donald Trump. The app has been at the center of a diplomatic storm between Washington and Beijing since Trump signed an executive order on August 6 giving Americans 45 …

Reuters reports: TikTok on Monday sued U.S. President Donald Trump’s administration over his executive order banning transactions in the United States with the popular short-form video-sharing app, calling it a pretext to fuel anti-China rhetoric as he seeks reelection. TikTok and its parent ByteDance Ltd rejected what they called the White House’s position that it was a national security threat, …

How utterly unsurprising: Facebook CEO Mark Zuckerberg pushed concerns about TikTok’s ties to China during meetings with officials and lawmakers, The Wall Street Journal reported Sunday. The Journal reported that Zuckerberg discussed TikTok with Sen. Tom Cotton (R-Ark.) before the government began its national security investigation into the app owned by the China-based ByteDance. Zuckerberg also made the case to …

Reuters reports: TikTok is preparing to mount a legal challenge as early as Monday to President Donald Trump’s executive order prohibiting transactions with the popular short video app and its Chinese parent ByteDance, according to people familiar with the matter. TikTok’s legal challenge pertains to an earlier executive order, which Trump issued on Aug. 6, the sources said. That order …

Reuters reports: President Donald Trump wants to deny China some of the proceeds from the sale of ByteDance’s U.S. operations of its video-sharing app TikTok, White House economic adviser Larry Kudlow said on Wednesday, but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury. “Well he’s said that,” Kudlow told CNBC when …

The New York Post reports: Speaking to reporters today, Trump called Oracle a “great company” following reports that the software giant had preliminary talks about buying TikTok’s operations in the US, Canada, Australia and New Zealand. “I think that Oracle would be certainly somebody that could handle it,” the president said. Trump also said he thinks the company’s owner “is …

The New York Post reports: Jesus Toks. Controversial rapper and presidential candidate Kanye West has devised a way to make TikTok less of a cesspool for sin — by creating a child-friendly, Christian version of the video app. “A vision just came to me… Jesus Tok,” Tweeted the 43-year-old rapper Monday.  Yeezy pledged in a subsequent Tweet that he would …

NPR reports: TikTok is planning to sue the Trump administration, challenging the president’s executive order banning the service from the United States. The video-sharing app hugely popular with the smartphone generation TikTok will file the federal lawsuit as soon as Tuesday, according to a person who was directly involved in the forthcoming suit but was not authorized to speak for …

The New York Times reports: If he were still running casinos in rough-and-tumble Atlantic City, N.J., President Trump’s demand about Microsoft’s possible purchase of TikTok might be translated this way: I want a piece of the action. “It’s protection money. It’s not what the government of the United States should do,” said Avery Gardiner, the general counsel for the Center …

The Associated Press reports: President Donald Trump on Thursday ordered a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps TikTok and WeChat, although it remains unclear if he has the legal authority to actually ban the apps from the U.S. The twin executive orders — one for each app — take effect in 45 days. …