TikTok, the short video sharing app that’s moved to the center of the economic battle between the US and China, is planning to challenge the executive

TikTok, the short video sharing app that’s moved to the center of the economic battle between the US and China, is planning to challenge the executive order issued by US President Donald Trump that may drive the sale or ban the service in the USA.

TikTok  will challenge the constitutionality of the ban and its underlying claims that the video sharing service represents a national security threat to the nation, based on NPR’s report.

According to a report from National Public Radio yesterday, TikTok may file a federal lawsuit challenging the order as soon as Tuesday. The lawsuit is expected to be filed within the U.S. District Courtroom for the Southern District of California, the place TikTok has its American headquarters.

On Thursday, the President signed government orders that put a 45-day deadline on American corporations to unwind their business relationships with TikTok’s parent company, Bytedance, and with WeChat, the messaging service owned by Chinse tech giant, Tencent.

Trump indicates orders to banning US business with TikTok owner ByteDance and Tencent’s WeChat.
TikTok had already laid out its opposition to the executive order when information first broke that the President had signed it.

According to the reprot, the company stated the order was “issued without any due process” and would threat “undermining global businesses’ trust in the USA’ commitment to the rule of law.”

The mechanisms the White House needs to use to ban the app include the Worldwide Emergency Financial Powers Act and the Country Emergencies Act. However claiming that the operations of a subsidiary of a international business on US soil constitutes a national emergency is very unprecedented.

Under the International Emergency Economic Powers Act, which was handed during the Iran hostage crisis in 1976, the President has sweeping authority to situation tariffs and droop financial relationships with other corporations.

Any challenge to the executive order wants to come soon, because Bytedance, TikTok’s parent firm is also looking at how to unwind its US operations via sale.
After the President’s executive order was announced, Microsoft stated in a press release that it was in talks with Bytedance about buying TikTok.

Micrsofot said: -“Following a conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States. Microsoft fully appreciates the importance of addressing the President’s concerns. It's committed to acquiring TikTok subject to a complete safety review and providing proper economic benefits to the United States, including the United States Treasury.”
Analysts and bankers also have stated that TikTok’s US business could be price anywhere from $20 billion to $50 billion, due to the company’s user base of over 100 million customers within the US, based on reports in Fortune.

And other bidders are rising for TikTok’s US business as very effectively. According to The Wall Street Journal, TikTok has additionally engaged in preliminary discussions with Twitter over a possible combination.


Welcome to AndroBliz, the apprise in technology. While we serve you with daily pizza in terms of updates, do hook up with us on our social media platforms below.

Post A Comment: