Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Xiaomi
Adani Group
Life Insurance Corporation of India
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Trump gives ByteDance 90-day deadline to sell TikTok's US business
Business

Trump gives ByteDance 90-day deadline to sell TikTok's US business

Trump gives ByteDance 90-day deadline to sell TikTok's US business
Written by Shubham Sharma
Aug 15, 2020, 03:45 pm 3 min read
Trump gives ByteDance 90-day deadline to sell TikTok's US business

Delivering his latest salvo against Beijing, US President Donald Trump has signed an executive order giving ByteDance a 90-day deadline to divest the US operations of TikTok, its video-sharing service. The action comes on top of another order issued last week and adds pressure on the Chinese giant to sell off TikTok to ensure its survival in the US. Here's all about it.

Concerns
Concerns regarding personal data of Americans

For months, both TikTok and its parent company ByteDance have been answering questions regarding their data privacy and security practices. The White House worries that the personal data of Americans collected by TikTok through its application could be shared with China's communist government and pose a threat to the national security of the US.

Pressure
Trump has been pressuring ByteDance to sell TikTok

Owing to these concerns, Trump has been building pressure on ByteDance to push the company to sell TikTok's US business (and data) to an American company. Originally, he threatened to ban the service completely, but when Microsoft expressed interest in buying TikTok's US (and a few other regions') operations, he agreed for a September 15 deadline to complete the discussions for a potential acquisition.

Executive Order #1
Then, Trump banned business with ByteDance

As Microsoft proceeded with acquisition talks with ByteDance, Trump signed an executive order banning all "business transactions" with the Chinese company. The order is slated to go into effect from September 20, just after the agreed September 15 deadline. A similar order was also issued for WeChat, the messaging product operated by Tencent, another major Chinese giant.

Latest Order
Now, comes the 90-day order to divest TikTok US

Mere days after that first EO, Trump has issued the latest one, ordering ByteDance to divest TikTok's US assets within 90 days. This means ByteDance will be able to sell TikTok US to Microsoft or some other company by November 12, but all other transactions between American entities/people and ByteDance will be blocked starting September 20. If not sold, TikTok will also be blocked.

Probe
Order after investigation by Committee on Foreign Investment

"There is credible evidence that leads me to believe that ByteDance might take action that threatens to impair the national security of the US," Trump said in the new order, which was signed after an investigation by the Committee on Foreign Investment in the US. To recall, in the previous order, he said that ByteDance might be using TikTok for disinformation campaigns benefitting China.

Requirement
Requirement to delete US users' data, as well

Along with the divestment of TikTok's US assets in 90 days, the latest order signed by Trump also requires ByteDance to delete any data related to American TikTok and Musical.ly (which was merged with TikTok) users from its servers. It also authorizes US officials to conduct an audit of TikTok and ByteDance's books and systems to ensure this action has been taken.

Response
What TikTok says on the matter?

In response to the latest order, TikTok said its service "is loved by 100 million Americans because it is a home for entertainment, self-expression, and connection. We're committed to continuing to bring joy to families and meaningful careers to those who create on our platform for many years to come." Previously, it has refuted the allegations of sharing data with the Chinese government.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Shubham Sharma
Shubham Sharma
Twitter
Editor with over five years of experience in covering all things science, consumer tech, space tech, AI, infosec, and business. A commerce graduate from University of Lucknow. I have been handling Tech beat at NewsBytes since 2018.
Latest
Microsoft
Donald Trump
WeChat
Tencent
White House
Latest
Classic 'Anand' is getting remake, not everyone is happy though
Classic 'Anand' is getting remake, not everyone is happy though Entertainment
What prompted ASI to shut Aurangzeb's tomb in Aurangabad?
What prompted ASI to shut Aurangzeb's tomb in Aurangabad? India
Tesla releases full self-driving software update for cars: Check features
Tesla releases full self-driving software update for cars: Check features Technology
5 homemade foot scrubs
5 homemade foot scrubs Lifestyle
Jofra Archer ruled out of upcoming English season: Details here
Jofra Archer ruled out of upcoming English season: Details here Sports
Microsoft
Microsoft Xbox TV streaming device tipped to launch next year
Microsoft Xbox TV streaming device tipped to launch next year Technology
Epstein among 'many things' why divorce happened: Melinda French Gates
Epstein among 'many things' why divorce happened: Melinda French Gates World
Microsoft CEO Satya Nadella's son Zain Nadella dies at 26
Microsoft CEO Satya Nadella's son Zain Nadella dies at 26 Business
Microsoft Surface Laptop Studio debuts at Rs. 1.57 lakh
Microsoft Surface Laptop Studio debuts at Rs. 1.57 lakh Technology
Microsoft Surface Pro 8 debuts in India at Rs. 1,04,500
Microsoft Surface Pro 8 debuts in India at Rs. 1,04,500 Technology
More News
Donald Trump
Elon Musk says he would reverse Donald Trump's Twitter ban
Elon Musk says he would reverse Donald Trump's Twitter ban Business
California court dismisses Donald Trump's plea to reverse Twitter ban
California court dismisses Donald Trump's plea to reverse Twitter ban World
'Cocaine in Coca-Cola' to political neutrality: Understanding Musk's latest tweets
'Cocaine in Coca-Cola' to political neutrality: Understanding Musk's latest tweets Business
Trump to launch own social media platform for the 'non-woke'
Trump to launch own social media platform for the 'non-woke' Technology
US probably airlifted thousands of terrorists out of Kabul: Trump
US probably airlifted thousands of terrorists out of Kabul: Trump World
More News
WeChat
China bans Tencent Holdings from updating and releasing new apps
China bans Tencent Holdings from updating and releasing new apps Technology
Biden administration revokes Trump-era orders against TikTok and WeChat
Biden administration revokes Trump-era orders against TikTok and WeChat Business
Biden slams brakes on Trump's TikTok and WeChat bans
Biden slams brakes on Trump's TikTok and WeChat bans Business
Indian Government will continue ban on PUBG and TikTok
Indian Government will continue ban on PUBG and TikTok Technology
Chinese citizen journalist jailed for four years over coronavirus reportage
Chinese citizen journalist jailed for four years over coronavirus reportage World
More News
Tencent
Tencent's facial scans will catch Chinese children gaming at night
Tencent's facial scans will catch Chinese children gaming at night Technology
Reddit raises $250 million in Series E funding
Reddit raises $250 million in Series E funding Business
PUBG Mobile India not granted permission for launch, confirms government
PUBG Mobile India not granted permission for launch, confirms government Technology
PUBG Mobile is returning to India: Here's everything to know
PUBG Mobile is returning to India: Here's everything to know Technology
PUBG ban not likely to be revoked anytime soon: Report
PUBG ban not likely to be revoked anytime soon: Report Technology
More News
White House
New York: 10 killed in 'racially motivated' shooting, suspect arrested
New York: 10 killed in 'racially motivated' shooting, suspect arrested World
US: Karine Jean-Pierre named first 'Black' White House press secretary
US: Karine Jean-Pierre named first 'Black' White House press secretary World
Meet the Indian judge who voted against Russia at ICJ
Meet the Indian judge who voted against Russia at ICJ World
'Stupid son of a b****': Joe Biden caught cursing reporter
'Stupid son of a b****': Joe Biden caught cursing reporter World
Traveling to the US? Check new rules and exemptions
Traveling to the US? Check new rules and exemptions World
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022