Tech

The Trump administration has backed off of its TikTok ban, but a federal judge had already blocked it, citing the White House’s ‘hypothetical’ national security concerns

The Commerce Department said it won’t enforce an executive order that would have effectively banned TIkTok in the US in order to comply with a federal judge’s ruling temporarily blocking the ban. In late October, a federal judge in Philadelphia issued a preliminary injunction blocking Trump’s attempt to ban TikTok, […]
The Trump administration has backed off of its TikTok ban, but a federal judge had already blocked it, citing the White House’s ‘hypothetical’ national security concerns
Tech

The Department of the Treasury is reportedly looking into the American companies behind ‘Fortnite’ and ‘League of Legends’ over their ties to Chinese tech titan Tencent

The wildly popular smartphone apps TikTok and WeChat will be banned in the US starting on September 20, the US government announced on Friday morning. CFIUS, the same Treasury group that initated those investigations, is now looking into “Fortnite” maker Epic Games and “League of Legends” maker Riot Games due […]
The Department of the Treasury is reportedly looking into the American companies behind ‘Fortnite’ and ‘League of Legends’ over their ties to Chinese tech titan Tencent
Tech

The Treasury Dept. has reportedly reached a deal for Oracle, Walmart, and other US investors to take a majority stake in TikTok

The US government has “tentatively agreed” to a deal between Oracle and TikTok parent company ByteDance over TikTok’s ownership structure, Bloomberg reported on Thursday. According to reports from Bloomberg and Reuters, US investors will have a majority stake in a newly created US-headquartered TikTok. Oracle is expected to claim a […]
The Treasury Dept. has reportedly reached a deal for Oracle, Walmart, and other US investors to take a majority stake in TikTok
Tech

No, Donald Trump can’t ‘ban’ TikTok

TikTok’s is facing choppy waters in the United States, as President Donald Trump and his administration amp up threats to ban the app in the US. Although the Trump administration has painted a ban on TikTok as a simple action, experts told Business Insider it’s not so easy. Experts say […]
No, Donald Trump can’t ‘ban’ TikTok
Tech

How to pronounce CFIUS, the once-obscure government body that reportedly gave Microsoft and ByteDance a 45-day deadline to negotiate a TikTok acquisition deal

The Committee on Foreign Investment in the US, or CFIUS (pronounced siff-ee-yus,) is a government body whose members have the power to launch an investigation into business deals that involve foreign investment in US firms on national security grounds. It determines if deals pose national security risks, but the group […]
How to pronounce CFIUS, the once-obscure government body that reportedly gave Microsoft and ByteDance a 45-day deadline to negotiate a TikTok acquisition deal
Markets

Here’s how A-list stars like Taylor Swift, Justin Bieber, and Rihanna could get caught in the middle of the ongoing US-China conflict

Universal Music Group’s parent company, Vivendi, is considering selling a portion of the music label to Tencent, a China-based social media and Internet company. The deal could be subject to review by a US committee that examines business investments for potential national security risks. Rising tensions between China and the […]
Here’s how A-list stars like Taylor Swift, Justin Bieber, and Rihanna could get caught in the middle of the ongoing US-China conflict