Judge blocks Trump’s order to ban TikTok 2020/09/28 10:50:20 BGR
A judge issued a temporary injunction against Trump’s executive order to ban TikTok from iPhone and Android. The app remains available for download in the App Store and Google Play following the decision. The judge has not blocked the broader ban that would render TikTok unusable in the US come November 12th. TikTok continues to remain available for download on iPhone and Android, as a judge blocked on Sunday the Trump administration’s executive order that would have forced Apple and Google to remove the app from their app stores. This would have effectively blocked new users from getting the app. While Judge Carl Nichols of United States District Court for the District of Columbia did give ByteDance a reprieve, it’s not a full victory for the Chinese company that’s still trying to salvage its US operations. TikTok became another point of contention between the US and China in recent months. The government worries that the user data is stored outside of the country and that the Chinese government might use it.
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Judge Temporarily Blocks US Ban on New TikTok Downloads 2020/09/28 08:07:49 Mac Rumors
A federal judge on Sunday granted TikTok a preliminary injunction that temporarily halts an order from the Trump Administration that would have banned new app downloads in the United States beginning on Monday, reports The New York Times . Should the order have gone into effect, Apple and Google could have been forced to remove TikTok from their respective app stores, and users who already have the app installed would no longer receive updates. TikTok can avoid a potential ban by selling its United States business to an American-based company. Last week, it was announced that TikTok would be partnering with Oracle and Walmart to form TikTok Global, a new company that would be headquartered in the United States. Under the initial proposal, Oracle would be responsible for storing user data and could also review TikTok's current source code and that of any subsequent updates. "We're pleased that the court agreed with our legal arguments and issued an injunction preventing the implementation of the TikTok app ban," a spokesman for TikTok said on Sunday after the judge's decision. "We will continue defending our rights for the benefit of our community and employees.
Trump’s TikTok Ban a Distraction: Octahedron Capital 2020/09/28 05:58:47 Yahoo Finance
Sep.28 -- Ram Parameswaran, founder and portfolio manager at Octahedron Capital Management, discusses the sale of ByteDance Ltd.’s U.S. operation to Oracle Corp. and Walmart Inc. and a federal judge blocking President Donald Trump’s ban on TikTok. He speaks on “Bloomberg Markets: Asia.”
Here’s where things stand in the messy TikTok deal 2020/09/25 06:39:11 CNBC
TikTok's deal with Oracle and Walmart is mired in confusion as the app's parent company ByteDance and the bidders put out conflicting statements. Here are the latest developments.
Chainlink up 30% following six-week downtrend and developer selloff 2020/09/25 01:44:14 Cointelegraph
Following a six week downtrend from its all-time high, LINK has rebounded 30% in the past 24 hours after a reported developer selloff resulted in downward pressure on the oracle protocol token’s price.
Jim Cramer on ByteDance filing for approval with China for Oracle-TikTok deal 2020/09/24 13:52:15 CNBC
TikTok parent company ByteDance has applied for an export license in China as it pushes for a deal with Oracle and Walmart for the app's U.S. operations. CNBC's Jim Cramer and David Faber discuss.
TikTok's owner applies for Chinese license to close U.S. deal 2020/09/24 11:01:21 CTV News
TikTok's owner said Thursday it has applied for a Chinese technology export license as it tries to complete a deal with Oracle and Walmart to keep the popular video app operating in the United States.
ByteDance just asked China for permission to export TikTok's technology as it tries to finalize a deal with the US government (ORCL, WMT) 2020/09/24 06:23:04 Business Insider
Summary List Placement TikTok's parent company ByteDance has sought permission from the Chinese government to export technology, Bloomberg reported Wednesday. ByteDance filed a request with the Beijing Municipal Commerce Bureau asking for approval to export its technology under restrictions recently implemented by the Chinese government, according to Bloomberg. ByteDance, TikTok, and the Commerce Bureau did not respond to requests for comment. In August, China expanded its list of "forbidden and restricted technology exports" to include "personalized information recommendation services based on data analysis" — such as the algorithm that powers TikTok. That move threw a wrench in the TikTok deal by requiring the company to obtain a license from the government, effectively giving Beijing veto power over a deal. Following the announcement of the new rules, ByteDance reportedly considered bypassing that hurdle by selling TikTok without handing over its source code, but Bloomberg's report Wednesday suggests the company wants the algorithm to be part of the deal after all.
TikTok's Chinese owner says Oracle deal in limbo as Trump ‘not prepared to sign off on anything’ 2020/09/17 08:25:57 Russia Today
The fate of US operations of Chinese video app TikTok is still uncertain as both the White House and the owner of the platform, ByteDance, say that no final agreement has been reached so far. Read Full Article at RT.com
ByteDance says TikTok proposal will need both Chinese and US approval 2020/09/17 07:50:32 Channel NewsAsia
ByteDance's proposal for U.S. software firm Oracle Corp to become a technology partner in its TikTok app will ultimately need approval from both Chinese and U.S. officials, the company said on Thursday.
Tiktok: Trump "nicht glücklich", wenn Chinesen Mehrheit behalten 2020/09/17 06:41:17 derStandard
Aussichten für Deal mit Oracle gedämpft
TikTok: Donald Trump zeigt sich "nicht glücklich" mit Oracle-Plan 2020/09/17 06:38:35 manager magazin
Die US-Regierung lässt TikTok weiter zittern. Donald Trump zeigt sich skeptisch gegenüber der Lösung mit Oracle als Partner. Nur wenige Tage bleiben bis zum angedrohten Verbot der beliebten App.