Updated:07:27 PM EDT Oct 28


this is ggmania.com subsite WeChat and TikTok Still Available in US; Future Uncertain - TechAmok

WeChat and TikTok Still Available in US; Future Uncertain - [internet]
05:57 AM EDT - Sep,22 2020 - post a comment

Popular Chinese-owned apps WeChat and TikTok narrowly avoided a US government ban on new downloads Sunday night. On Friday, President Trump directed the US Department of Commerce to issue a ban on US companies (including Apple and Google) facilitating downloads of  or updates to the WeChat and TikTok apps specifically, citing national security concerns. It would have also banned financial transactions using WeChat in the US, and gone into effect on Sunday, Sept. 20th. A judge issued a last-minute preliminary injunction temporarily preventing the ban from going into effect against WeChat, citing free-speech issue raised by WeChat users who sued to stop the ban. Separately, the Trump administration signaled that it might approve a proposed deal whereby Oracle and Walmart would take a 20% stake in a new "TikTok Global" company. TikTok would also move data from US users to a new cloud infrastructure provided by Oracle. Microsoft also offered to take over TikTok's US operations, but Current TikTok owner ByteDance is said to have focused on doing a deal with companies favored by the Trump administration. Oracle's Larry Ellison is a vocal supporter and fundraiser for Trump. Under the proposed deal, Chinese ByteDance would initially retain a controlling 80% stake in TikTok Global, but the new company would be required to have an IPO on a US stock exchange, with American ownership expected to "grow over time." To allow time for the proposed deal to reach a more firm agreement, the Dept. of Commerce delayed its ban on TikTok downloads by one week, to September 27th.

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