Tik Tok

TikTok and WeChat are still running after deadline

TikTok

Episode 1730

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.

TikTok To Stop Working by Nov. 12th With No Deal for US Sale

TikTok

Episode 1729

The popular social media video platform TikTok may stop working in the US on November 12th if a deal isn't made to sell it's US operations to a US company by then. Leo says that while Oracle was reported to have agreed to purchase the platform, the company has said they would only have a vested interest in the company that would route all traffic to their servers. Walmart is also believed to be interested in investing in a new arrangement, Leo says probably for eCommerce rights. But it's all for naught if a deal isn't reached that will meet presidential approval.

White House to Announce Banning of Tik Tok Social Network

ByteDance

Episode 1715

Citing security concerns with Tik Tok, the fastest growing social network in the world, the White House is poised to announce it will ban the app in the US.  The app, which includes a lip-syncing feature that is very popular with teens and preteens, caused Tik Tok to catapult to the number one social network in the US. The feds are concerned that the Chinese owned Tik Tok is a security concern for spying on US users, and many banks, companies, and government agencies have banned its use on employee phones.

Tik Tok May Get Banned in the US

Tik Tok

Episode 1712

Secretary of State Mike Pompeo has announced that the US Government may be banning Tik Tok within weeks due to national security issues. The app is already banned in India, and Wells Fargo has banned it as well. The US government has banned it government-wide as well. 

Tik Tok is subject to the authority of the Chinese government and the Chinese Communist Party. The app has deleted posts that are critical of that government. But it also has a feature that looks in your clipboard, which could be a security issue due to data snarfing.