The Trump administration’s curbs on the Chinese-owned super apps were put on hold by a judge, a day before they were to go into effect. The ban was to go into effect today, but has been delayed until Sept. 27 at 11:59 p.m. local time.

Trump approved Oracle’s bid for the U.S. operations of TikTok

The government on Saturday delayed a plan to prohibit downloads of TikTok, the popular video-sharing app. The ban was to go into effect today, but the order has been delayed until Sept. 27 at 11:59 p.m. local time, the Treasury Department said after Trump said he approved Oracle’s bid for the U.S. operations of TikTok in concept.

In response, Vanessa Pappas, TikTok’s interim head issued a video message TikTok is here to stay for their U.S. community. In #WeAreTikTok and we are here to stay!

TikTok said it is working with Walmart on a commercial partnership and it, along with Oracle, will take part in a TikTok Global pre-IPO financing round in which they can take as much as a 20 percent cumulative stake in the company.

Spread the love
Share:

Leave a Reply

Your email address will not be published.