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It is now written in black and white: with an official note, the US Department of Commerce announces that on Sunday, September 20, it will ban the use and download of Chinese Tik Tok me Wechat and will in fact order its removal from American app stores. The ban recognizes executive orders (one for the video app, the other for the messaging app) signed by Donald Trump on August 6 to safeguard national security.
According to the US President, the ByteDance-owned video app used by 100 million people in the States collects data that can allow the Communist Party to access American information, censor content, and can become a vehicle for misinformation. The Communist Party of China has been shown to use these apps to threaten national security, foreign policy and the US economy, US Commerce Secretary Wilbur Ross said in the statement.
The ball, in this point, back in the hands of Trump, which is expected to comment in the next few hours or Sunday at the latest on the agreement between Oracle and ByteDance that could prevent TikTok from being banned. The two companies have reached an agreement that is bound by the approval of the Chinese governments – which at the end of August updated the export regulations – and, indeed, the US. According to reports CnbcIt is not yet clear whether the Commerce Department’s announcement means there is no chance that the deal with Oracle, which should include a technology partnership, will be approved and closed on Sunday.
Yesterday Friday September 18 Wall street journal He wrote that the possibility that Oracle and Walmart (left the door with Microsoft and returned through the window) has not yet disappeared to obtain a majority stake in a new structure that runs TikTok in the United States. If that happens, the new TikTok Global will proceed with an initial public offering within a year and Trump could be satisfied. According to what was initially leaked about the agreement with Oracle, in that case only a minority stake would go to the US company, an option that Trump does not disapprove. Another (tasty) indiscretion of the latter was that of New York Times, according to which Instagram co-founder and CEO Kevin Systrom would be on track to lead TikTok (and end up in direct competition with the app he invented and sold to Mark Zuckerberg).
