Trump orders TikTok owner to sell its US business

Trump orders TikTok owner to sell its US business 1

Microsoft has been in talks to buy the app.

Trump had previously issued a still-pending order to ban transactions with ByeDance and WeChat owner Tencent in the United States and said that there was a Sept. 15 deadline for a sale. He has also insisted that the US Treasury should directly benefit from any acquisition.

“There is credible evidence that leads me to believe that ByteDance … might take action that threatens to impair the national security of the United States,” the order states. It also requires ByteDance destroy the data of US users, while giving US officials authority to inspect its books and systems during sale negotiations.

As CNBC states “the order was seen as good news for TikTok” because “the prior executive order could have forced U.S. based app stores to stop distributing the TikTok app if ByteDance did not reach a deal to divest from it in 45 days.” In other words: the latest order creates a more clear path forward for ByteDance to negotiate a sale to a US buyer. The Trump administration used a similar tactic last year when it used the CFIUS to force the Chinese owner of Grindr to sell the dating app to an American company.

Coinbase 3

When reached for comment, a TikTok spokesperson referred to the company previous statement in response to Trump’s prior executive order. “We’re committed to continuing to bring joy to families and meaningful careers to those who create on our platform for many years to come,” the spokesperson said,

Microsoft didn’t immediately respond to a request for comment.

Trump orders TikTok owner to sell its US business 2
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 39,075.00
ethereum
Ethereum (ETH) $ 2,621.52
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 329.83
cardano
Cardano (ADA) $ 1.36
xrp
XRP (XRP) $ 0.719950
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.198784
polkadot
Polkadot (DOT) $ 18.45
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,075.00
ethereumEthereum (ETH)
$ 2,621.52
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 539.32
litecoinLitecoin (LTC)
$ 141.44
bitcoinBitcoin (BTC)
32.884,50
ethereumEthereum (ETH)
2.206,20
tetherTether (USDT)
0,841574
bitcoin-cashBitcoin Cash (BCH)
453,88
litecoinLitecoin (LTC)
119,03
bitcoinBitcoin (BTC)
28,124.43
ethereumEthereum (ETH)
1,886.85
tetherTether (USDT)
0.719755
bitcoin-cashBitcoin Cash (BCH)
388.18
litecoinLitecoin (LTC)
101.80

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

blank
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin39,194 0.47 % 2.33 % 0.30 %
Ethereum2,643.5 1.30 % 5.12 % 15.31 %
Tether1.000 0.04 % 0.14 % 0.29 %
Binance Coin331.13 0.63 % 2.82 % 5.63 %
Cardano1.360 0.12 % 1.63 % 7.19 %
XRP0.7246 0.58 % 1.25 % 12.81 %
USD Coin1.000 0.15 % 0.17 % 0.13 %
Dogecoin0.2000 0.41 % 1.43 % 2.24 %
Polkadot18.60 0.73 % 6.72 % 29.86 %
Binance USD1.000 0.30 % 0.35 % 0.32 %

bitcoin
Bitcoin (BTC) $ 39,358.00
ethereum
Ethereum (ETH) $ 2,671.70
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 332.95
cardano
Cardano (ADA) $ 1.37
xrp
XRP (XRP) $ 0.727158
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.200261
polkadot
Polkadot (DOT) $ 18.78
binance-usd
Binance USD (BUSD) $ 1.00