The Trump administration is moving ahead with bans on WeChat and TikTok. The ban on WeChat is set to take effect Sunday, and TikTok users in the U.S. will not be able to access updates to the TikTok app starting on Sunday night.
Oracle beat out Microsoft to partner with TikTok. Analysts question whether this will satisfy President Trump’s concerns about TikTok’s ties to China.‘I am part of the collateral damage’: Trump’s TikTok battle creates nightmare for some tech workers
Typically, a deal in which an American company would not have 100% ownership of TikTok would give CFIUS pause, given its security concerns about the personal information of U.S. citizens, said Nicole Lamb-Hale, who represented the Commerce Department on CFIUS and is now a managing director at Kroll, a New York-based risk consulting firm.
Trump signed the executive order under the International Emergency Economic Powers Act, which gives him the authority to regulate international commerce to address unusual or extraordinary threats.
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