President Donald Trump’s unprecedented demand that the US get a cut of the proceeds from the forced sale of TikTok is based on an interpretation of law that may be open to challenges.
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A US investigation into ByteDance’s TikTok is really intended to smother a Chinese-owned app that’s become a sensation with Americans, founder Zhang Yiming told employees in China.
China will not accept the “theft” of a Chinese technology company and is able to respond to Washington’s move to push ByteDance to sell TikTok’s US operations, the China Daily newspaper said.
After finessing regulators and stroking egos to get this deal done, Microsoft will rightfully expect a big discount if it buys TikTok. The size of that discount will prove CEO Satya Nadella’s worth.
TikTok owner ByteDance has accused Facebook of plagiarism and smears, and said it faced “complex and unimaginable difficulties” as it worked to grow into global company.
US President Donald Trump agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said.
President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to US national security, secretary of state Mike Pompeo said.
President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the US, ratcheting up the pressure on the popular short-video app’s Chinese owner to sell it.
The alleged mastermind behind the 15 July “hack” of Twitter accounts of business titans, celebrities and a former president didn’t need sophisticated hacking tools to pierce the company’s security system.
Facebook beat analysts’ estimates for quarterly revenue on Thursday and forecast similar growth ahead, as businesses tapped its digital ads tools despite an unprecedented boycott and the coronavirus pandemic.