September 20th was supposed to be the day that Chinese social media companies TikTok and WeChat were supposed to be turned off if both weren't sold to a US company. In the eleventh hour, ByteDance, which owns both companies, has managed to avoid the shutdown thanks to a tech partnership with Oracle and Walmart. The new company, dubbed TikTok Global, will also have a 40% minority stake in US investment, plus a 19% stake to Oracle and Walmart. That's a majority that pleases the commerce department and the White House. So the shut down has been delayed for a week.
Meanwhile, a judge has stayed the shutdown of WeChat, citing first amendment concerns.