ADVERTISEMENT
  • News
  • Technology
  • Culture
  • Entertainment
  • Sport
  • Travel
  • Music
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Sunday, December 3, 2023
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Tech

TikTok responds to Trump’s decision and threatens with legal action

The FINANCIAL by The FINANCIAL
August 7, 2020
in Tech
Reading Time: 4 mins read
A A
0
TikTok responds to Trump’s decision and threatens with legal action
Share on FacebookShare on Twitter

The FINANCIAL — President Trump agreed to allow Microsoft Corp negotiate the purchase of TikTok, only if they can have a deal in 45 days. TikTok thinks that Executive Order risks undermining global businesses’ trust in the United States and it sets a dangerous precedent for the concept of free expression and open markets. Popular app said that it will pursue all available remedies in order to ensure that the rule of law is not discarded and that the company and the users are treated fairly – if not by the Administration, then by the US courts.

President Trump issued two executive orders late Thursday against China-based TikTok and messaging app WeChat, citing national security concerns in a sweeping order that could prevent the companies from doing most business in the United States. The orders take effect in 45 days and prohibit any U.S. company or person from transacting with ByteDance, TikTok’s Chinese parent company, or WeChat. While the nature of the banned transactions are not specific, it may mean the companies would not be able to appear on Apple’s App Store or Google’s Play Store in the United States. It also could make it illegal for U.S. companies to purchase advertising on TikTok, as reported by The Washington Post.

The move turns up the pressure on negotiations over the popular video app’s future through a potential sale. The dramatic back and forth began when Trump said last Friday night that he would ban TikTok from operating in the United States using emergency economic powers or an executive order. Microsoft said Sunday that it was pushing forward with talks to acquire the app following a conversation between CEO Satya Nadella and the President. On Monday, Trump set September 15 as the deadline for TikTok to find a US buyer. Failing to do so, he said, would lead him to shut down the app in the country. In an unusual declaration, Trump also said any deal would have to include a “substantial amount of money” coming to the US Treasury, CNN wrote.

RelatedPosts

Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.

What the data says about Americans’ views of artificial intelligence

“Your assets are protected”

Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024

Today, TikTok released statement about Trump’s decision. Company is shocked by the recent Executive Order, which was issued without any due process. For nearly a year, it has sought to engage with the US government in good faith to provide a constructive solution to the concerns that have been expressed.

“What we encountered instead was that the Administration paid no attention to facts, dictated terms of an agreement without going through standard legal processes, and tried to insert itself into negotiations between private businesses,” reads popular app’s statement.

According to TikTok this Executive Order risks undermining global businesses’ trust in the United States’ commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth. And it sets a dangerous precedent for the concept of free expression and open markets. App will pursue all available remedies in order to ensure that the rule of law is not discarded and that the company and the users are treated fairly – if not by the Administration, then by the US courts.

TikTok encourages 100 million Americans to express their opinions to their elected representatives, including the White House.

Mr Trump issued a similar order against China’s WeChat in a major escalation in Washington’s stand-off with Beijing. WeChat’s owner, Tencent, said: “We are reviewing the executive order to get a full understanding.” As well as WeChat, Tencent is also a leading gaming company and its investments include a 40% stake in Epic Games – the company behind the hugely popular Fortnite video game, BBC reported.

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 will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President, as stated by Microsoft.

The discussions with ByteDance will build upon a notification made by Microsoft and ByteDance to the Committee on Foreign Investment in the United States (CFIUS). The two companies have provided notice of their intent to explore a preliminary proposal that would involve a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand and would result in Microsoft owning and operating TikTok in these markets. Microsoft may invite other American investors to participate on a minority basis in this purchase.

Chinese AI company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i is suing Apple on the grounds of patent infringement. Chinese company filed a formal lawsuit against Apple in Shanghai High People’s Court on 3rd of August 2020. This is not their first encounter over this patent. In a social media post, Xiao-i asked Apple “to stop patent infringement on its smart assistant product Siri, including but not limited to stopping the manufacturing, using, promising to sell, selling and importing products.” Read more. 

4 tech giants to defend the size of their companies before Congress

Tags: Chinadonald trumpfacebookmicrosoftsnapchattiktoktiktok apptiktok bantiktok like apptiktok usatrumTrumpunited statesUSAusa bans tiktokwechat
ADVERTISEMENT
The FINANCIAL

The FINANCIAL

Related Posts

Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.
Auto

Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.

by The FINANCIAL
November 30, 2023
0

Elon Musk has long claimed the Cybertruck will be bulletproof, saying he wants the futuristic pickup to be "really tough...

Read more
What the data says about Americans’ views of artificial intelligence

What the data says about Americans’ views of artificial intelligence

November 30, 2023
“Your assets are protected”

“Your assets are protected”

November 29, 2023
Significant Investment to Commercialise Quantum Technologies

Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024

October 26, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Jeff Schwartz on Emergence and Evolution of Private Debt Markets

Jeff Schwartz on Emergence and Evolution of Private Debt Markets

October 18, 2023
mobile-banking.jpg

The experts at Symple Lending discuss how rising interest rates are make paying down credit cards more difficult.

September 6, 2023
Subway® and Wissol Group Partner to Expand Subway’s Presence in Georgia

Subway® and Wissol Group Partner to Expand Subway’s Presence in Georgia

November 8, 2023
EasyJet to fly to London from Stockholm Arlanda

The London Diplomatic List, Addresses, Contacts & Working Hours

January 23, 2023
Tegeta Holding won two nominations in the Corporate Sustainability Award Competition

Tegeta Holding won two nominations in the Corporate Sustainability Award Competition

October 23, 2023
“Brothers” rugby school joins the 16-day campaign targeted against eliminating violence against women 

“Brothers” rugby school joins the 16-day campaign targeted against eliminating violence against women 

December 1, 2023
5 Main Rules for your CFD Trading Strategy

Ulta Beauty shares pop as sales climb 6%

November 30, 2023
Brazil to join OPEC+ in 2024, seeks oil market stability: minister

Brazil to join OPEC+ in 2024, seeks oil market stability: minister

November 30, 2023
A History of The Declaration of Independence

A History of The Declaration of Independence

November 30, 2023
Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.

Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.

November 30, 2023

Popular Last 24h

  • Jeff Schwartz on Emergence and Evolution of Private Debt Markets

    Jeff Schwartz on Emergence and Evolution of Private Debt Markets

    617 shares
    Share 247 Tweet 154
  • FHA Announces 2024 Loan Limits, Empowering Homebuyers Amidst Rising Home Prices

    88 shares
    Share 35 Tweet 22
  • A History of The Declaration of Independence

    23 shares
    Share 9 Tweet 6
  • Find Social Security Number by Name Free

    2005 shares
    Share 802 Tweet 501
  • Use FinOps to Reduce Cloud Costs Across AWS, Azure, and GCP

    26 shares
    Share 10 Tweet 7
  • Brazil to join OPEC+ in 2024, seeks oil market stability: minister

    22 shares
    Share 9 Tweet 6
  • The London Diplomatic List, Addresses, Contacts & Working Hours

    1638 shares
    Share 655 Tweet 410

LATEST POSTS

“Brothers” rugby school joins the 16-day campaign targeted against eliminating violence against women 

“Brothers” rugby school joins the 16-day campaign targeted against eliminating violence against women 

December 1, 2023
5 Main Rules for your CFD Trading Strategy

Ulta Beauty shares pop as sales climb 6%

November 30, 2023
Brazil to join OPEC+ in 2024, seeks oil market stability: minister

Brazil to join OPEC+ in 2024, seeks oil market stability: minister

November 30, 2023
A History of The Declaration of Independence

A History of The Declaration of Independence

November 30, 2023
Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.

Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.

November 30, 2023
We stand with Ukraine

Ukraine Security Assistance Strengthens Nation’s Defense Industrial Base

November 30, 2023
HIV Diagnoses at Alarmingly High Levels in the European Region Despite Progress in EU/EEA

There were an estimated 39.0 million people living with HIV at the end of 2022, mainly in Africa

November 30, 2023
LGBTQI+ rights need attention during the COVID-19 crisis and beyond

Russia’s top court bans LGBTQ activism as ‘extremist’

November 30, 2023
Hungary Says It Opposes EU Membership Talks With Ukraine

Hungary Says It Opposes EU Membership Talks With Ukraine

November 30, 2023
Ukraine Blames Russia for No Recent Prisoner Swaps

Ukraine Blames Russia for No Recent Prisoner Swaps

November 30, 2023

LATEST INTERVIEWS

Lighting the path for sustainability in Georgia

Lighting the path for sustainability in Georgia

by The FINANCIAL
August 14, 2023
0

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

by The FINANCIAL
July 12, 2023
0

ESG stands for Environmental, Social, and Governance

ESG stands for Environmental, Social, and Governance

by The FINANCIAL
July 12, 2023
0

“EU membership might attract European banks and other financial institutions to enter Georgia”

“EU membership might attract European banks and other financial institutions to enter Georgia”

by The FINANCIAL
May 15, 2023
0

Main risks facing banks in 2023

Main risks facing banks in 2023

by The FINANCIAL
May 15, 2023
0

‘Russia cannot be treated as a reasonable and reliable trade partner

‘Russia cannot be treated as a reasonable and reliable trade partner

by The FINANCIAL
February 13, 2023
0

We should increase our joint efforts to assist the growing tech sector here in Georgia

We should increase our joint efforts to assist the growing tech sector here in Georgia

by The FINANCIAL
February 13, 2023
0

‘Georgia has much to offer to UK investors

‘Georgia has much to offer to UK investors

by The FINANCIAL
February 13, 2023
0

Newsletter

ADVERTISEMENT

GET IN TOUCH

E-mail your company news at:

news (at) financial.ge Letters to the Editor: editor (at) finchannel.com

Local Marketing contact:

(+99532) 2252 275 | 76 EXT: 1 (+995 558) 03 03 03 (mobile) marketing (at) finchannel.com

Requests from abroad:

(+99532) 2252 275 | 76 EXT: 7 (+995599) 96 52 52 Email: zviadi (@) finchannel.com Contact video editor: E-mail: video (at) financial.ge

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.