US Bans TikTok And WeChat: Oracle Deal Fails To Excite Trump [UPDATED]

Must Read

Skeletons in the Closet? Google-Facebook Involved in Secret Online Advertising Deal

If you can’t beat ‘em, join ‘em. And when two titans happen to decide upon an alliance,...

Smartphone Resale Value: Depreciation Is Surprising Enough [REPORT]

It's a tad cliché and true that smartphones have permeated every sphere of our life. The ceaseless...

“Open Up Cambridge Analytica, It’s CBI At the Door!”

Among all the establishments ensnared in deplorable acts, Cambridge Analytica has steadily climbed the ladder of infamy....

Amidst all the news about TikTok’s proposed IPO in the US and Oracle deal, this news is no less than a surprise. The Trump administration has given cold shoulders to the recent Oracle TikTok partnership agreement and decided to ban TikTok in the US.

According to the press release by the US Department of Commerce, both Apple App Store and Google Play have been notified about the ban on TikTok in the US. The app must be pulled down from the app stores by Sunday.

TikTok is not the only app that has faced the wrath of Donald Trump. The super app of China, WeChat is also been banned by the Trump administration for data privacy and security concerns.

Advertisements

The press release states that both apps pose threats to national security by collecting “vast swaths” of user data, along with “mandatory cooperation” with the CCP’s intelligence services and by participating in “China’s civil-military fusion.”

This is quite shocking considering it’s in sharp contrast to all the latest developments which were giving completely different feelers about the view of the US on TikTok after the recent partnership agreement with Oracle.

According to the report, US President Donald Trump has signed an executive order to instruct Apple AppStore and Google Play to ban TikTok from Sunday.

Oracle Deal, TikTok IPO Failed To Excite Trump

The decision to ban TikTok in the US from Sunday has come as a surprise to many. Just last week TikTok announced that it has signed a trusted partnership agreement with US-based Oracle Corporation. As a part of the proposed deal, ByteDance would sell 20% stake to Oracle, besides onboarding Walmart also.

Yesterday we also reported that ByteDance is planning for an IPO in the US next year, should the government in the United States give its approval to the plan.

Advertisements

Given the close connection and influence Larry Ellison, CEO – Oracle Corporation – has got on the government it was expected that the Oracle TikTok deal would easily diffuse the situation in the US.

It’s not yet clear whether Trump is seeking a complete blanket ban on both the apps or its just new users who won’t be able to download these apps.

Trump administration has set November 12 as a deadline for TikTok to resolve the administration’s “national security concerns.

Update: It’s has been clarified that all the existing users of TikTok would be able to use the TikTok app as before. However, TikTok would not be able to acquire new users in the US as all stores are instructed to pull TikTok down by Sunday.

Similarly, WeChat users won’t be able to perform any financial transactions anymore. But rest of the functions for existing users would function normally.

Update 2: 19 Sep 2020: The scheduled ban on the download of TikTok has been postponed for a week after Donald Trump gave his blessings to the multi-party deal involving ByteDance, Oracle and Walmart.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Apple, Social Casino Apps, And An Illegal Partnership: Minting Billions?

Getting sued is a frequent affair for Apple Inc. (NASDAQ:AAPL) and therefore it is no surprise when...

Judgement Day For LG: Time To Bid Adieu To Smartphone Market!

When the going gets tough, the tough get going. But that doesn't seem to fit in case of LG Smartphone business.

Amazon Prime Video: End Of Subscriber Hunt And Beginning Of An Ad-Fuelled Future!

The streaming landscape of India is going through a rapid transformation. Seems like it is no longer about raking in subscribers by...

Why Is Retargeting Touted As A Secret Weapon For Success By Online Marketers

You know that ads play an important role in driving people to your website if you run a small business and sell...

Happy B’day Chad Hurley: The Co-Founder Of The World’s Largest Video Library

Chad Hurley never cared about success, he mended his ideas and tried to garner the fruits from those. But not every time...

Encouraged By Record Profit of RIL, Ambani Wants To Accelerate 5G Arrival in India

Brace yourselves for the sooner-than-anticipated arrival of  Reliance Jio 5G services because the 63-year-old billionaire tycoon Ambani recently pledged to the speedy launch...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This