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Intellectual people
Seemingly too busy with the results of the presidential election, the Donald Trump administration has forgotten about the imposition of sanctions on the social network TikTok.
So busy with the elections does President Trump always go to punish TikTok?
TikTok is currently in a “dilemma” when it is unclear what its future will look like in the US market, whether it will continue to be sanctioned by the Donald Trump administration or remain active. normal movement.
The TikTok representative even said that the Trump administration seems to have forgotten to punish TikTok.
Recently, ByteDance (TikTok’s parent company) petitioned the US Court of Appeals to request a review of the actions of the Trump administration’s Commission on Foreign Investment (CFIUS). . The reason given is that TikTok has not received any response from CFIUS for many weeks about the deadline for ByteDance to sell its assets in the US, including the reactivation of the US branch of TikTok for Oracle and Walmart .
Previously, CFIUS had set a November 12 deadline for TikTok to divest “any tangible or intangible assets, used to support TikTok’s operations in the US market.” TikTok said it requested an additional 30-day extension before the deadline went into effect, but CFIUS did not provide a response. It’s still unclear what will happen to TikTok if the company is still unable to fully divest on November 12.
“For a year, TikTok has been actively cooperating with CFIUS in good faith to address national security concerns, even when we disagree with their judgments,” said the TikTok representative. to know. “In the last almost two months, since President Trump preliminarily approved our proposal to satisfy previous concerns, we have found a detailed solution to finalize the deals, but we have not succeeded. received some response from CFIUS ”.
“This leaves us unsure whether our proposed solutions will be approved. Today, as the 11/12 deadline for CFIUS approaches and no further extensions are allowed, we have no choice but to petition the court to protect our interests and the more than 1,500 employees in the U.S. We remain committed to work with the regulator to solve the problems raised by this agency ”.
In September, ByteDance reached an agreement to resell the right to operate the TikTok social network at its US branch to the Oracle and Walmart partnership. President Trump approved the deal, but the Chinese government never approved it, leaving the deal in limbo.
This makes the future of TikTok in the American market more uncertain, especially after the presidential elections take place in the United States, it is likely that Joe Biden will replace Donald Trump as head of the White House. It’s unclear whether Biden will continue his tough policy on Chinese tech companies, but according to analysts, TikTok may still be under heavy scrutiny from the US government for fear of trouble. Privacy and confidentiality issues related to this social network.
Thuy
According to the The Verge / DTrends
