He had a deal with Trump that was killed by tariffs
US Representative Ed Markey has said that President Donald Trump’s delay to the sale-or-ban deadline for TikTok is against law. “If…there is a deal…that can be used to delay the law as is written, it would be beneficial to keep your TikTok app updated,” Markey added. Earlier, Trump had signed a order stating that he wouldn’t impose penalties on TikTok for violating the law.
TikTok isn’t available in the US from the app stores
The US President-elect Donald Trump’s transition team has said it will not enforce a law barring the TikTok app from being available in American apps. “It’s certainly in the interest of these companies to to curry favour with the new administration and I guess it’s conceivable…that even $850 billion of liability exposure and even voluntarily violating…law might be worth it to some companies,” The Information reported.
The TikTok CEO flatters the President before the ban deadline
The US Supreme Court has allowed China’s ByteDance to sell its video-sharing platform TikTok in the country. “Congress has determined… divestiture is necessary to address its…national security concerns regarding TikTok’s…relationship with a foreign adversary,” the court said. The US government told the court that if the ban takes effect, it might just give the US government enough leverage to sell TikTok.
TikTok’s future in the US is Unclear as we check back with the billionaire who wants to save it
TikTok owner Frank McCourt has said he’s going to sell the app in the US and added that his project ‘Project Liberty’ has received at least $20 billion in pledges to purchase the app. He added that he wants to include Project Liberty’s decentralised social networking protocol, DSNP, into TikTok to allow users to export friends across other interoperable apps.
What does the acronym for TikTok mean?
Chinese streaming app TikTok has said that it’s preparing to file a lawsuit to challenge the new US law that bans its services from being sold in the country. TikTok also called it “unconstitutional” and “overbroad”. The US government had made the ban on TikTok part of its aid package for Ukraine and Israel.
The fate of TikTok now rests with the Senate
The US House of Representatives has passed a bill that would force TikTok’s parent company ByteDance to divest the app within six months of the law’s enactment or face a nationwide ban. The House passed the bill on a voice vote. Earlier, the US intelligence official released a report saying Chinese government had used TikTok to promote its propaganda to Americans.