tiktok

TikTok’s fate to go down to the wire; judge will rule before midnight

Enlarge Getty Images TikTok will be gone from app stores tomorrow morning unless a federal judge acts to block the Trump administration’s ban on the app before midnight tonight. Judge Carl Nichols of the US District Court for DC said today that he will determine whether to grant or reject TikTok’s request for an injunction …

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Judge gives Trump admin. Friday deadline to delay or defend TikTok ban

Enlarge / A stand of TikTok (Douyin) at The First International Artificial Products Expo Hangzhou on October 18, 2019, in Hangzhou, China. Long Wei | VCG | Getty Images A federal judge today gave the Trump administration until Friday to either defend its planned ban of short-form-video app TikTok in court or hold off on …

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TikTok ask the court to prevent a US ban from taking effect

Mike Blake / reuters Last week the Commerce Department delayed plans to implement a ban that would prevent new downloads of the TikTok app by one week, pushing the deadline out to this coming Sunday as its owner negotiated a deal with the government, Oracle and Walmart. On Wednesday afternoon TikTok followed the path of …

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Trump approves TikTok deal with Oracle and Walmart ‘in concept’

Sheldon Cooper/SOPA Images/LightRocket via Getty Images TikTok appears to have avoided a US ban at the last minute… probably. President Trump has agreed to a deal “in concept” (via CNBC) that theoretically allays US security issues while letting it operate in the country. True to earlier discussions, Oracle and Walmart would claim a 20% investment …

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Court blocks Trump’s WeChat ban from taking effect today

Enlarge / There both is and is not a ban in effect on WeChat. Budrul Chukrut | SOPA Images | LightRocket | Getty Images A federal judge in California put a temporary halt on the White House’s efforts to ban WeChat inside the United States, preventing that ban from going into effect at midnight tonight. …

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Trump approves Oracle, TikTok deal “in concept”

Enlarge / It’s official… kind of. Chesnot | Getty Images President Donald Trump has reportedly granted his personal approval of Oracle’s proposal to invest in TikTok, moving the entire saga one step closer to an end. The president told reporters this afternoon he approved the deal “in concept,” according to Bloomberg News. “I have given …

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Why the First US Crypto Bank Is a Big Deal

Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters.  On this edition of The Breakdown weekly recap, NLW looks at: DEXetition – Uniswap’s battle with SushiSwap heats up as the former dropped the UNI governance token in what some likened to a crypto stimulus check  The …

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Oracle’s TikTok non-acquisition seeks Treasury, White House approval

Enlarge / The TikTok logo displayed on a smartphone, with logo of parent company ByteDance in the background. Sheldon Coope | SOPA Images | LightRocket | Getty Images President Donald Trump spent several months pushing to have TikTok banned or sold to a US firm. He seems to have gotten his way, as Oracle confirmed …

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TikTok’s global headquarters might move to the US to avert a ban

Dado Ruvic / reuters Details of ByteDance’s deal with Oracle for control of TikTok are beginning to come into focus. ByteDance’s partnership with Oracle “will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder,” the Financial Times reports.  The partnership, which could be made official as soon as …

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Oracle, one of Donald Trump’s favorite companies, wins TikTok deal

Enlarge / Oracle chairman Larry Ellison. David Paul Morris/Bloomberg via Getty Images Oracle has apparently won the competition to take over TikTok’s US operations. Microsoft disclosed on Sunday that ByteDance, TikTok’s Chinese owner, rejected Microsoft’s rival bid earlier in the day. The Wall Street Journal reports that the deal will not be an outright sale. …

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