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.
- Trump and Microsoft Are Looking at TikTok - dot.LA ›
- How Trump's Order Could Impact The Fates of Snap, TikTok and ... ›
- TikTok Threatens Legal Action Over Trumps Executive Order - dot.LA ›
- TikTok Employee Patrick Ryan Sues Trump for Defamation - dot.LA ›
- TikTok Employee Asks Judge to Halt Ban on Popular Video App ... ›
- DOJ: TikTok Employees Will Get Paid Despite Trump's Order - dot.LA ›
The Trump administration is ordering TikTok and WeChat be banned from all U.S. mobile app stores as of Sunday, effectively pulling one of the hottest apps in America from the reach of interested new users.
The yanking of the two apps from U.S. mobile stores come after the U.S. Department of Commerce detailed on Friday exactly what President Donald Trump's Aug. 6 executive order banning "transactions" with TikTok means. Trump's ban prohibits "any provision of service to distribute or maintain" the apps in U.S. mobile app stores, the department said.
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.