TikTok ban, is what we're hearing is real #Tiktok #Tiktokban #trump

 

#washington #beijing #usa 

With nearly one hundred million users within us, it's no surprise that TikTok videos have taken hold of the web. But with the connection between Washington and Beijing diminishing, the fate of the video app, owned by Chinese company ByteDance, appears uncertain. 

In recent weeks, United States government officials have claimed that TikTok poses a significant threat to national security, and President Donald Trump has threatened to ban it unless a US company takes control of its domestic operations.

This led to the beginning of a contest at a number of the main US companies, including Microsoft (MSFT), Oracle (ORCL), and Walmart (WMT). While Microsoft is not any longer a competitor - the corporate announced on September 13 that ByteDance had turned down its offer - it appears Oracle has won out and Walmart still features a small role to play.

Oracle has agreed to become a trading partner for TikTok within us, although it's not clear whether the proposed deal will satisfy officialdom on each side, who have indicated that they shall carefully review any new arrangement.

The latest major development came on Friday, when the US Department of Commerce said it might ban Americans from downloading TikTok and WeChat, another Chinese proprietary app, starting Sunday.

What is clear is that the struggle over TikTok is bigger than who owns an app fashionable Generation Z. it's also about the longer-term of US-China relations, and therefore the murky new rules companies need to deal with as tensions between the world's two largest economies have intensified.

What's new?

Oracle said it made a suggestion to the US Treasury earlier within the week to partner with TikTok in the US. 

But the businesses have yet to urge support from Trump or Beijing, which suggests the saga is way from over.

Under the deal, ByteDance will remain the most important shareholder in TikTok, consistent with an individual conversant in the matter.

The person said TikTok will found out its US headquarters, while Oracle will host TikTok user data and review TikTok code for security. 

The corporate will decide to file an initial public offering (IPO) on a US stock market in approximately 12 months.

This structure could also be problematic. Trump said in the week he would oppose the arrangement leaving ByteDance with majority control.

"Conceptually, I can tell you that I do not love it," he told reporters on Wednesday. "If that was the case, I would not be happy about it."

On Friday, the United States government raised the stakes. The Department of Commerce said during a statement that any moves to distribute or maintain TikTok on a US app store are going to be banned from Sunday.

Additionally, it'll be illegal to host or transmit Internet traffic related to TikTok starting November 12th.

"At the direction of the president, we've taken significant measures to combat China's malicious collection of private data of yank citizens," Commerce Secretary Wilbur Ross said during a statement.

who is in Charge? & what's the reason?

The craze began in early August when Trump signed an executive order effectively banning TikTok within the US unless ByteDance can find an American owner for its US operations by September 20.

The Trump administration has expressed concerns that the hugely popular app might be employed by Beijing as a spy tool.

Authorities also fear it might be wont to collect personal data on US citizens or to censor speech that the Chinese government considers sensitive.

TikTok denied the allegations. the corporate said that its data centres are located entirely outside of China which none of this data is subject to Chinese law.

The Oracle announcement came days before the chief Order took effect. Some experts believe the proposed deal could succeed thanks to Trump's ties to founding partner Larry Ellison, a supporter of the president. 

CEO Safra Katz also donated to undertake for Trump's re-election.

However, the choice came as a surprise to some after negotiations who had expected a joint bid from Microsoft and Walmart to win the day.

What did Trump do?

Trump has styled himself because the kingmaker of any TikTok deal, stating that he must comply with terms before anything becomes official.

If this sounds unusual, it's because it's. While governments often scrutinize pending deals to guard consumers against monopoly power and sometimes weigh national security when announcing a merger, Trump's deep involvement may be a stark departure from the way deals are usually done - as is his move to force the sale within the first place. . Place.

"In the top, Trump is that the tenth factor," said Debian Josh, co-director of the Digital Platforms and Democracy Project at Harvard Kennedy School. 

"Whatever it wished would happen, no matter the merits of the relevant set of policies on which the proposal is predicated ."

Trump has previously said that any company that acquires TikTok should make a payment to the US Treasury as a symbol of thanks. it's not