US postpones TikTok ban after Trump gives his 'blessing' to Oracle deal - Business Insider

US Secretary of Commerce Wilbur Ross confirmed the postponement of the ban in a"In light of recent positive developments, Secretary of Commerce Wilbur Ross, at the direction of President Trump, will delay the prohibition of identified transactions pursuant to Executive Order 13942, related to the TikTok mobile application that would have been effective on Sunday, September 20, 2020, until September 27, 2020 at 11:59 p.m.

"Both companies will take part in a TikTok Global pre-IPO financing round in which they can take up to a 20% cumulative stake in the company," TikTok said. It has also promised to set up a US-based headquarters and create 25,000 jobs. The deal is not yet closed, and still needs to win approval from the Chinese government. On Saturday, China's Ministry of Commerce put out a statement accusing the US of bullying. "If the US insists on going its own way, China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies," the ministry said in a statement perSign up for a daily selection of our best stories daily based on your reading preferences.

Now Trump has his hands and plans on TikTok, it’s his China Doll - I’m out.

First off, this deal saves Trump's face as Oracle doesn't get much, without the algorithms. Secondly, is there some strategy or policy behind the ban ? Or is it just at the whim of Trump ?

Donny the biggest threat to national security. Now the question is what was in the deal for him ?

How could he conceptually approved the deal while he conceptually didn’t like this deal a couple of days ago?

Azé Kokovivina du Togo

Azé Kokovivina du Togo

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Trump says he has approved a deal for TikTokPresident Donald Trump said Saturday he has approved a deal between TikTok's parent company, ByteDance, and Oracle, temporarily averting a ban on TikTok in US app stores. Its funny how Tiktok only came u der his radar....RIGHTTTT before an election. Is he gonna use that to try and sway votes? That he saved the day and saved Tiktok? It's sarcastic because it's a partnership and the parent company is still Bytedance located in China, i.e., nothing basically has changed. Also, everyone knows it's social media you post your daily life on it so everyone could watch. That's a new definition of spy lol? Wtf Total bs deal Bytedance still owns it. So not bout “foreign ownership” at all TrumpIsALiar TrumpIsALoser TrumpFailedAmerica
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Trump bestows ‘blessing’ on proposed Oracle-Walmart deal for TikTok’s U.S. operationTrump said the proposed deal will result in a new company likely to be based in Texas and under the control of U.S.-based Oracle and Walmart. Trump is a joke. None of his business. Free market system. BUTT OUT. Translation: “It’s time to move on to the next manufactured crisis.” Great business deal 💰💵
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