Jason Posted September 20, 2020 Share Posted September 20, 2020 Court blocks Trump’s WeChat ban from taking effect today ARSTECHNICA.COM The White House is now 0 for 2 on enforcing bans on China-owned apps today. Quote Neither of those bans will now go into effect this weekend, however. WeChat is saved thanks to the preliminary injunction on enforcing the order, and the Department of Commerce announced late last night that it would delay the enforcement on TikTok for at least a week following Trump's personal approval of a deal between TikTok and Oracle. Quote Link to comment Share on other sites More sharing options...
Joe Posted September 20, 2020 Share Posted September 20, 2020 13 hours ago, Ricofoley said: Apparently Trump's claiming that Oracle's agreed to pay $5 billion into some sort of education fund to pay for the Teach That Slavery Was Good Actually program or whatever that he announced last week. Guessing that this is one of those things that he just kind of invented on the spot and won't actually materialize, but who knows. It's news to ByteDance, apparently. https://www.usnews.com/news/world/articles/2020-09-19/bytedance-says-not-aware-of-5-billion-education-fund-in-tiktok-deal#:~:text="The company has been committed,its official account on Toutiao.&text=Copyright 2020 Thomson Reuters. Quote Link to comment Share on other sites More sharing options...
chakoo Posted September 20, 2020 Share Posted September 20, 2020 Oracle TikTok Deal Wins Trump’s Blessing: Deal at a Glance CA.FINANCE.YAHOO.COM (Bloomberg) -- Oracle Corp.’s agreement to take a stake in TikTok has won the long-awaited blessing of U.S. President Donald Trump.The proposal, which would give Oracle and other investors minority ownership of a new company called TikTok Global, still needs approval from regulators in China, where TikTok I didn't hear about this in the initial oracle announcement but it seems walmart is also a part of the deal as well. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted September 20, 2020 Share Posted September 20, 2020 6 hours ago, Joe said: It's news to ByteDance, apparently. https://www.usnews.com/news/world/articles/2020-09-19/bytedance-says-not-aware-of-5-billion-education-fund-in-tiktok-deal#:~:text="The company has been committed,its official account on Toutiao.&text=Copyright 2020 Thomson Reuters. Figures Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted September 20, 2020 Share Posted September 20, 2020 2 Quote Link to comment Share on other sites More sharing options...
CayceG Posted September 20, 2020 Share Posted September 20, 2020 52 minutes ago, CitizenVectron said: So, a typical Trump deal. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted September 21, 2020 Share Posted September 21, 2020 5 hours ago, CayceG said: So, a typical Trump deal. The art of the deal Quote Link to comment Share on other sites More sharing options...
Jason Posted September 24, 2020 Share Posted September 24, 2020 Judge gives Trump admin. Friday deadline to delay or defend TikTok ban ARSTECHNICA.COM The ban was never straightforward—and it's getting more complex by the day Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted September 24, 2020 Share Posted September 24, 2020 1 hour ago, Jason said: Judge gives Trump admin. Friday deadline to delay or defend TikTok ban ARSTECHNICA.COM The ban was never straightforward—and it's getting more complex by the day Trump saying he approves of the Oracle deal is really going to kill him in court here. Like always, Trump's mouth is going to make his lawyers' job all the more difficult. Quote Link to comment Share on other sites More sharing options...
Jason Posted September 28, 2020 Share Posted September 28, 2020 A judge delayed Trump’s ban of TikTok as the company scrambles to make a deal with Oracle, Walmart - The Washington Post WWW.WASHINGTONPOST.COM TikTok has received a second extension on the ban that would remove it from U.S. app stores as it scrambles to complete a deal with Oracle and Walmart. Quote Link to comment Share on other sites More sharing options...
chakoo Posted September 30, 2020 Share Posted September 30, 2020 TikTok will be shut down if Oracle deal meeting U.S. security needs can't be closed: Mnuchin CA.FINANCE.YAHOO.COM U.S. Treasury Secretary Steven Mnuchin said if Oracle's deal for TikTok cannot be closed with terms that meet U.S. security requirements, including holding code in the United States, the short video app will be shut down. It will be interesting if the Government ends up destroying this deal in the end. Also I would keep a close eye on this over the next year. Exclusive: China preparing an antitrust investigation into Google - sources CA.FINANCE.YAHOO.COM China is preparing to launch an antitrust probe into Alphabet Inc's Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said. The case was proposed by telecommunications equipment giant Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted November 13, 2020 Share Posted November 13, 2020 In case anyone was wondering where this stood, seeing how today was the deadline... US government says it won’t enforce TikTok shutdown after court ruling WWW.THEVERGE.COM The Trump administration has argued that TikTok presents a security risk. This is mostly because TikTok has been unable to get a hold of anyone in the White House to officially approve their sale to Oracle or anything really... TikTok says the Trump administration has forgotten about trying to ban it, would like to know what’s up WWW.THEVERGE.COM The deadline to sell US assets expires this week So yeah, in all likelihood, Oracle isn't buying TikTok and Biden isn't likely going to go after them once he's sworn in. That's a bunch of companies throwing around hundreds of man-hours trying to put together a deal that went nowhere because Trump lost interest. 1 Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted December 5, 2020 Share Posted December 5, 2020 Wait, there was another deadline set to finalize the sale? That deadline was yesterday and the Trump administration is telling TikTok they won't extend the date deadline again? The US government will let TikTok run out the clock and ‘overlook’ its own deadline WWW.THEVERGE.COM The saga continues. Oh, but they're not going to enforce anything. Cool. What a gigantic waste of time. 2 Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted December 5, 2020 Share Posted December 5, 2020 38 minutes ago, Ghost_MH said: Wait, there was another deadline set to finalize the sale? That deadline was yesterday and the Trump administration is telling TikTok they won't extend the date deadline again? The US government will let TikTok run out the clock and ‘overlook’ its own deadline WWW.THEVERGE.COM The saga continues. Oh, but they're not going to enforce anything. Cool. What a gigantic waste of time. I was wondering why Fastly shot up 16% before settling down yesterday. Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted December 5, 2020 Share Posted December 5, 2020 27 minutes ago, Air_Delivery said: I was wondering why Fastly shot up 16% before settling down yesterday. I think that one was because there were rumors flying around that they were going to be bought. Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted December 5, 2020 Share Posted December 5, 2020 2 hours ago, Ghost_MH said: I think that one was because there were rumors flying around that they were going to be bought. Well maybe, but the main reason why they fell 25% was because of the whole TikTok situation. They get 12% of their revenue from them and Tiktok said they were putting their expansion on hold because of this Trump thing. Their stock shot up last time the deadline came and went. Quote Link to comment Share on other sites More sharing options...
Jason Posted December 20, 2020 Share Posted December 20, 2020 So much for TikTok being a huge national security concern. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.