Here is why TikTok is now trapped in limbo: by abebrown716
Then there’s what’s going on in China. TikTok’s China-based parent company, ByteDance, seems to have a deal worked out to sell the app to American buyers, Oracle and Walmart, a transaction put together to satisfy Trump’s executive order. The fine print of the Oracle-Walmart-TikTok deal is unknown, but Trump and the Commerce Department have signed off on it, whatever precisely it is.
For ByteDance to move forward, though, the company needs China’s government to give its blessing to the match, too. Chinese authorities have had the deal in front of them for nearly a week, and unfortunately for TikTok, they do not seem in any hurry to issue a verdict and were willing to let the download ban go into effect rather than make a speedy decision.
If China signs off, the deal could spell an end to TikTok’s troubles, thus meeting Trump’s demand that the app fall into American hands. “Could” being an all-important qualifier. Nothing about the past few months—all the conflicting statements by Trump, the various suitors who lined up to woo TikTok, the conflicting statements between TikTok and its chosen suitors—would suggest that a China-approved deal would absolutely bring a swift resolution.
The final element in all this is the Nov. 12 deadline, the day set by a second Trump executive order that would not only make it impossible to download TikTok, it would make impossible for the app to operate in America at all. TikTok seems likely to fight that order in court, too, though who knows if that legal maneuver will be successful—or if TikTok will even need to do that, should the Oracle-Walmart get all the necessary thumbs up.
Hear that? It’s that clock, still tick, tick, tick-tocking away, ever so slightly, ever so predictably—a little louder each minute.
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