TikTok’s action is the first major pushback by the company against the Trump administration’s crackdown on Chinese tech firms.
TikTok sued the Trump administration on Monday, challenging the president’s executive order banning U.S. transactions with the video-sharing platform and its Beijing-based owner ByteDance unless it finds a U.S. buyer soon, the company said in a...
Trump has issued two executive orders against TikTok, one on August 6 which blocks any U.S. based transactions with ByteDance 45-days after the order, and another on August 14 that gave ByteDance 90 days to divest TikTok’s operations in the U.S. ByteDance’s legal challenge reportedly does not affect its ongoing talks to divest TikTok’s U.S. operations, for which it is in talks with the likes of Microsoft and Oracle.
that the Treasury to received a cut of TikTok’s U.S. operations sale,"The President’s demands for payments have no relationship to any conceivable national security concern and serve only to underscore that Defendants failed to provide Plaintiffs with the due process required by law."At a White House dinner last October, Facebook CEO Mark Zuckerberg had reportedly warned Trump about the threat posed by Chinese tech companies to U.S.
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