Is this a good sign for the Chinese giant?
TikTok ban is still on delay, especially under the new Biden Administration. According to recent reports, the United States government won’t enforce the ban on the said app. This may serve as an extension to the company’s ongoing operations.
TikTok ban’s numerous extensions
Just last November, ByteDance received a seven-day extension to get a hold of the company’s acquisition, which was also ended this December 4. Following this, the passing of the deadline seems to be a clear indication of another delay.
However, but Bloomberg’s recent report stated that under the new Biden Administration, Tiktok’s banning would be on hold and remain as it is like the last time. Not until the government can figure out things to resolve the underlying national security concerns.
This transparent delay initially gives an impression of the U.S. Commerce Department’s consideration Despite the claims from the previous Trump administration that TikTok is a national security risk.
President Trump: TikTok Deadline Sale Won’t Be Extended
The United States President Trump has announced that there will be no extension for the TikTok. They have to find a US new owner for their operations to avoid being banned in the country.
According to Trump, “There’ll be no extension of the TikTok deadline,” on Thursday. “It’ll either be closed up or they’ll sell it,” he added.
On Thursday, Trump told the reporters on the Air Force One event that the deal to sell TikTok’s US business is still in the process for bidding, and the deadline will still be this month. Aside from this restriction, new rules require Beijing-based ByteDance to get a government license before selling the technology.
There have been many speculations that TikTok has been giving information to the Chinese Government, breaching data privacy. This rumor has pushed and stir Trump’s decision to ban the China-tech Giant. However, TikTok fought back and filed an executive order against Trump.
The US President highlighted that the TikTok deal’s deadline would be this Sept. 15, but the official deadline is still vague. The online video platform has grown over the past year that it was launched to over 100 million users in the US and 2 billion downloads around the globe.