Marketing 2 min read

TikTok Ban in the United States has Been Delayed for a Week

antonbe / Pixabay.com

antonbe / Pixabay.com

An executive order banned TikTok on Android and iOS app stores in the United States starting September 20.

It means users won’t be able to download the TikTok app on their phones after the specified date. Also, individuals who have the social app on their phone after the September 20 ban won’t receive any update.

An outright restriction of TikTok — starting November 12 — should have followed the app ban. At that time, the service would no longer be accessible in the United States.

What’s more, the ban covers any workaround to access the social media app in the country.

The United States’ department of commerce explained in a statement:

“The President has provided until November 12 for the national security concerns posed by TikTok to be resolved. If they are, the prohibitions in this order may be lifted.”

It seemed inevitable that Apple and Google would remove TikTok from app stores in the U.S. starting September 20. Now, the app will remain for another week as Oracle and Walmart come closer to reaching a deal.

There’s more.

The Deal to Prevent TikTok Ban in the United States

According to Bloomberg, conditions of the deal meet the requirement that ByteDance , TikTok’s parent company, has no oversight of TikTok’s U.S. operations. It also satisfies the demand that the government receives a cut of the sales.

The report suggests that ByteDance is seeking a $60 billion valuation. Meanwhile, Oracle and Walmart would pay a combined $12 billion for 12.5 percent and 7.5 percent share, respectively.

The deal will result in a new company called TikTok Global.

ByteDance would have no decision-making authority nor ability to peer into the company’s activities. Instead, Walmart’s Chief Executive Officer, Doug McMillion, will serve on TikTok Global’s board of directors.

Also, Oracle will host all the user data in the United States. Bloomberg also reported that the company intends to have its headquarter in Texas and create tens of thousands of jobs.

Last week, TikTok released a statement that reads:

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the U.S. administration and settle questions around TikTok’s future in the U.S.”

We’ll find out within the week if the deal satisfies the U.S. government. If not, app stores in the country must remove the social media app.

Read More: TikTok Reveals User Growth Numbers for the First Time

First AI Web Content Optimization Platform Just for Writers

Found this article interesting?

Let Edgy Universe know how much you appreciate this article by clicking the heart icon and by sharing this article on social media.


Profile Image

Edgy Universe

EDGY is an SEO incubator, forecaster, and support center for deep learning, technological advancement, and enterprise-level end-to-end search programs.

Comments (0)
Least Recent least recent
You
share Scroll to top

Link Copied Successfully

Sign in

Sign in to access your personalized homepage, follow authors and topics you love, and clap for stories that matter to you.

Sign in with Google Sign in with Facebook

By using our site you agree to our privacy policy.