Trump Administration Delayed TikTok Ban Till September 27th
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.
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.
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