NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Mukesh Ambani
    WhatsApp
    Reliance Jio
    OPPO
    Vivo
    Sensex
    Bitcoin
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


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

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    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 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.

    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.

    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.

    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.

    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 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.

    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
    Latest
    Microsoft
    Donald Trump
    WeChat
    Tencent

    Latest

    Is your dog sleeping too much? Here's why Pets
    Happy birthday Silambarasan TR: 5 top-rated IMDb films of 'Simbu'  Silambarasan TR
    Is it okay to be selfish? Sometimes, yes Mental Health
    2023 Kawasaki Ninja ZX-4RR goes official with 399cc inline-four engine Kawasaki

    Microsoft

    PayPal faces job cuts amid economic slowdown; 2,000 employees axed PayPal
    Microsoft services face outage: Teams, Outlook, Azure down globally Microsoft Teams
    Microsoft's profit declines by 12% in Q4 amid economic uncertainties Satya Nadella
    Microsoft extends partnership with OpenAI in a multibillion dollar investment Artificial Intelligence and Machine Learning

    Donald Trump

    Donald Trump kicks off 2024 US presidential election bid US President
    Meta to reinstate Donald Trump's Facebook and Instagram accounts  Meta
    Republican Kevin McCarthy named US House speaker in marathon voting US House of Representatives
    Congressional panel probing Capitol riot recommends criminal charges against Trump US Congress

    WeChat

    China bans Tencent Holdings from updating and releasing new apps Tencent
    Biden administration revokes Trump-era orders against TikTok and WeChat TikTok
    Biden slams brakes on Trump's TikTok and WeChat bans Donald Trump
    Indian Government will continue ban on PUBG and TikTok Akshay Kumar

    Tencent

    BGMI game removed from Indian app stores after government ban Business
    Tencent's facial scans will catch Chinese children gaming at night Technology
    Reddit raises $250 million in Series E funding Business
    PUBG Mobile India not granted permission for launch, confirms government Technology

    Love Business News?

    Subscribe to stay updated.

    Business Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023