ByteDance Granted Seven-Day Extension of TikTok Sale

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TikTok owner ByteDance has been granted a seven-day extension on an order from the Trump Administration to sell the short-form video sharing platform (via Reuters).

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The administration had previously granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Trump on August 14 directed ByteDance to divest the app within 90 days.

According to a court filing on Wednesday, however, the Chinese company now has a new deadline of December 4 to sell TikTok to a domestic U.S. company.

ByteDance has also reportedly offered the U.S. government a new proposal aimed at addressing its concerns, a person briefed on the matter told Reuters.

ByteDance remains in protracted talks with Walmart and Oracle on a deal that would divest it of the social media app and create a new U.S.-based company called TikTok Global.

In September, a federal judge granted TikTok a preliminary injunction that temporarily halted an order from the Trump Administration that would have banned new downloads of the app in the United States because of the risks posed by their data collection practices and Chinese ownership.

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Tag: TikTok

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Top Rated Comments

mw360 Avatar
mw360
65 months ago
ByteDance has also reportedly offered the U.S. government a new proposal aimed at addressing its concerns, a person briefed on the matter told Reuters.
This document is likely a small folded piece of paper with a penis drawn on it.
Score: 27 Votes (Like | Disagree)
Dwalls90 Avatar
Dwalls90
65 months ago
Looking forward to Biden’s presidency bringing down the hammer on domestic social media companies that have the same inappropriate data harvesting and privacy issues as Tik Tok.
Score: 13 Votes (Like | Disagree)
Shafa Avatar
Shafa
65 months ago
At this rate they might want to just drag this out until Biden is President and hope his approach to Chinese companies is more benevolent.
Score: 8 Votes (Like | Disagree)
RevTEG Avatar
RevTEG
65 months ago
TikTok may have it’s issues, but if You think President Trump being mad at TikTok is because of China... then you haven’t followed his personality very closely. ?
Score: 8 Votes (Like | Disagree)
CarlJ Avatar
CarlJ
65 months ago

TikTok owner ByteDance has been granted a seven-day extension on an order from the Trump Administration to sell the short-form video sharing platform (via Reuters ('https://www.reuters.com/article/us-usa-tiktok-idUSKBN285324')).

The administration had previously granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Trump on August 14 directed ('https://www.macrumors.com/2020/08/15/tiktok-90-days/') ByteDance to divest the app within 90 days.
...
In September, a federal judge granted TikTok a preliminary injunction that temporarily halted ('https://www.macrumors.com/2020/09/28/judge-temporarily-blocks-us-tiktok-ban/') an order from the Trump Administration that would have banned new downloads of the app ('https://www.macrumors.com/2020/09/18/us-downloads-of-tiktok-wechat-banned-sunday/') in the United States because of the risks posed by their data collection practices and Chinese ownership.
@arn How on earth is this article not in PRSI?
Score: 6 Votes (Like | Disagree)
ArPe Avatar
ArPe
65 months ago
I would shut that **** down yesterday. Anything that is harvesting micro payments and personal data from kids and simps to the dictatorship is a danger to all. That includes other platforms and payment systems that do the same.
Score: 6 Votes (Like | Disagree)
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