, negotiators for TikTok parent ByteDance and its main suitors were planning to advance their discussions over the weekend, but shelved those plans in light of the new rules., adding 23 new categories of technology which require government approval before being sold.They include speech recognition, text recognition, and code for making personalized recommendations.
Chinese officials have not explicitly said that a TikTok sale would be affected under these regulations.cited sources saying that the update to the tech export rules — which were last changed in 2008 — was made with the TikTok deal in mind.which cited a trade adviser to the government who said ByteDance "will need to comply" with the new rules.
TikTok is suing the Trump administration to block the ban, while negotiating with potential buyers at the same time. Analysts and commentators have suggested that TikTok's US operations could sell for more than $20 billion.
Is it that difficult to come up with a new app? Just ban it and get this over with.
So Trump was right, China does control Tiktok
Then just ban it!
Let's see then.
Just BanTikTok. Forget about selling. Teens will cry but they will find a replacement.
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Source: BusinessInsider - 🏆 729. / 51 Read more »