Earlier this week, when it seemed as if Tiktok’s fate in the US was actually decided by April 5, everyone – from Amazon to the founder of Onlyfans – was Get out of the woodwork To buy it.
It turned out that none of them had a chance. And now, thanks to president Donald Trump’s Rate war, nobody is allowed to buy ticktok.
People who are familiar with the case tell me that, despite all the bids for the app, the White House only seriously considered that a Consortium leads by Oracle, which included many of the largest investors of Bytedance that were set their efforts in a new, American entity.
The proposal that the App from the app from China would have licensed and what shareholder money would have shaken to make Tiktok Garlic More independent of bytedance, would be announced for President Trump went nuclear on rates. As others have reported and I have confirmed independently, his rate announcement has set an immediate chance on Wednesday that the proposal of Tiktok is blessed by the Chinese government.
On Friday, less than an hour after Trump said he was Push back When banning Tiktok with another 75 days to end a deal, Bytedance published his first explanation about the situation and said that “every agreement under Chinese legislation will be approved.”
After Thursday suggested that China would approve a Tiktok deal in exchange for tariff lighting, the president seemed Less self -confident On Friday: “We hope to continue to work in good faith with China, which I understand, are not very happy with our mutual rates (necessary for honest and balanced trade between China and the US!).”
Anyone who followed this tortured Saga who has followed the Tiktok ban, closely followed, is exhausted. Now, five years after he tried to forbid it for the first time, Trump apparently torpedoed the plan that would finally make Tiktok run.
His friend Larry Ellison Would secure more things for Oracle by breathing the broad strokes of the Texas protection proposal project that was made to the previous administration (albeit this time with fewer security guarantees, because this administration does not really give the app, the app may or may not be posing). The investors and employees of Tiktok would finally get certainty about the fate of the app. Bytedance would effectively remain in the driver’s seat while maintaining control over the algorithm. And Trump would say he saved Tiktok.
Tiktok can continue to work in the US for a while, thanks to the Ministry of Justice of Trump that was assumed by the congress and not enforced by the Supreme Court. The American hosting providers from Tiktok, including Apple, Google and Oracle, are apparently still in order with this situation, despite the fact that they are violate the law a lot. And unless Trump ultimately illuminates the rates against China, Tiktok can still be banned.
Some remarkable work changes in the technical world:
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