Mobile phone users scrambled over the weekend to prepare for TikTok and WeChat's disappearance. That was before it emerged that the bans on the two China-based social apps had been delayed.
Data from third-party analytics firm Apptopia show a 181% increase in WeChat downloads compared to the prior weekend. Several other competitors in the short-form video space also saw big gains, including L.A.-based apps Triller (4x increase on the previous weekend), Clash and Byte (both over 5x).
President Donald Trump told reporters he approved a deal in concept between Oracle and TikTok's parent company ByteDance in which Oracle and Walmart would partner with the app in the U.S. The move could avert the ban in U.S. app stores that was set to go into effect on Sunday.
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TikTok's Chinese-owned parent company ByteDance is reportedly planning to hold an initial public offering in the U.S. if President Donald Trump approves a deal with Oracle. The move hopes to avert Trump's ban of the popular app set to take effect next week.