Here's what the Trump administration's ban on TikTok will mean for you
More than 100 million TikTok users in America, and anyone else who’s curious about the popular, controversial video-sharing app, now have a tight time frame to either download or upgrade the app.
TikTok stays “intact” until Nov. 12, Commerce Department Secretary Wilbur Ross said Friday morning on Fox Business. But after that point — without American-based ownership that satisfies the U.S. government — TikTok would “be for all practical purposes shut down,” Ross said. Oracle Corp. ORCL, -0.67% and Walmart WMT, -0.98% could reportedly take a large stake in TikTok, according to the Wall Street Journal. Oracle’s own bid reportedly hasn’t satisfied national security concerns inside the administration. Both companies did not immediately reply to MarketWatch’s request for comment.
“The only real changes as of Sunday night will be you won’t have access to improved apps, updated apps, upgraded apps or maintenance,” Ross said in his televised interview, later adding, “so if that were to continue over a long period of time, there might be a gradual degradation of services.”“We disagree with the decision from the Commerce Department, and are disappointed that it stands to block new app downloads from Sunday and ban use of the TikTok app in the U.S.
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