TikTok , known for quirky videos of people dancing and lip syncing, has asked for a preliminary injunction against a possible government ban as it seeks to avoid being drawn into a geopolitical clash between the US and China.
The TikTok download ban, which was set to go info effect Sunday night, was blocked by a federal U.S. judge. Lawyers for TikTok argued during an emergency hearing Sunday morning that the administration's ban preventing the app from being downloaded using the app-store would infringe on First Amendment rights and do irreparable harm to the business,
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.
Just a few days ago, the TikTok deal looked like a win for China. Now its state-run media are denouncing it as "an American trap" and a "dirty and underhanded trick."
Chinese approval is essential for the deal to go through as Beijing has expanded its export controls list to include algorithms like the one used by TikTok.
TikTok is one of the world's leading social media platforms. Here's why some CBD companies are taking advantage of it.
TikTok said Tuesday that it's rolling out a guide within the short-form video app that will show users trustworthy information about the upcoming US elections. The release of TikTok's US elections guide is in line with how other social networks are trying to combat political misinformation ahead of the US elections in November.
There's a new sign the Chinese government is leaning toward spiking the deal to transfer control of TikTok from ByteDance to U.S. owners, including Oracle and Walmart. An editorial Wednesday
"It's not something I recognize, and it's definitely not the deal I bid on," Microsoft CEO Satya Nadella told CNET.
Oracle-Walmart deal went through, four of the five TikTok Global board seats would be filled by Americans and one would be
His novels include "The Emperor of Ocean Park," and his latest nonfiction book is "Invisible: The Forgotten Story of the Black Woman Lawyer Who Took Down America's Most Powerful Mobster." We're still waiting to see what's going to happen to the TikTok deal — at the moment,
Software giant Oracle's on-again, off-again deal to save short-video app TikTok from a White House ban has been called many things in the weeks since it was proposed. It's been called
A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday when President Donald Trump vowed to block any deal that allows its Chinese parent firm to retain any control.
The race to keep TikTok operating in the United States has turned into a saga of intricate dealmaking and political flattery.
Deal would "hurt China's national security, interests and dignity," according to an editorial published in the Global Times newspaper.
TikTok's owner said Thursday it 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. Beijing tightened control over technology exports last month in an effort to gain leverage over Washington's attempt to force an outright sale of TikTok to U.
TikTok's powerful algorithm is one of the biggest sticking points for both China and the US as confusion erupted over the deal terms this week.
ByteDance has applied for a tech export licence in China as it races to seal a deal with Oracle Corp and Walmart Inc that it hopes will end U.S. government plans to ban its TikTok video-streaming app on security grounds.
WalMart and Oracle's bid to buy the popular short video app TikTok is under heavy scrutiny, U.S. President Donald Trump's economic adviser Larry Kudlow said on Thursday, adding that it was unclear how the Chinese government would weigh in on the deal.
China has no reason to approve the "dirty and unfair" deal based on "bullying and extortion" that Oracle Corp and Walmart Inc said they struck with ByteDance, the state-backed English-language China Daily newspaper said on Wednesday.
TikTok's owner says 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.
President Donald Trump told reporters at the White House that a deal has been made on TikTok with Walmart and Oracle, calling it a "great deal for America." "We have some very big news on TikTok," Trump said Saturday.
President Trump said on Monday that he would not approve a deal for TikTok if its Chinese owner did not fully sell its interest in the product, a move that would scuttle an arrangement that was expected to help the app avoid a federal ban.
Oracle and Walmart team up on TikTok's US operations with an IPO within a year. Oracle lands its cloud customer in TikTok and Walmart eyes e-commerce.
ByteDance has formally asked Chinese officials to sign off on its deal with Oracle and Walmart to keep TikTok running in the US.
A U.S. judge blocked President Trump's proposed ban on TikTok just hours before it was set to take effect Sunday. CNBC's Eunice Yoon reports on China's reaction to the decision.
The US court's decision to halt part of the Trump administration's ban on TikTok has temporarily cushioned the US' relentless crackdown on Chinese firms, which is a welcomed rational move, Chinese experts said.
President Trump said he approved in principle the deal under which Oracle and Walmert would receive ownership stakes in Chinese-owned app TikTok. His remarks come a day before his administration's ban on TikTok app downloads in the U.
As China's ByteDance raced to seal a deal with Oracle Corp and Walmart Inc to keep its video-sharing app TikTok operational in the United States, an apparent breakthrough came last Wednesday in a phone call to U.
Trump is threatening repercussions to coax ByteDance into a deal, but whether the Chinese and U.S. governments will both assent remains unclear.
Oracle is waiting for a Trump Administration decision on its deal to acquire a minority stake in social media app TikTok, while ByteDance is reportedly seeking an injunction against a ban taking effect Sunday.
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Oracle and Walmart team up on TikTok's US operations with an IPO within a year. Oracle lands its cloud customer in TikTok and Walmart eyes e-commerce.