Trump orders TikTok to be sold within 90 days
US President Trump issued an executive order on 6 August 2020 banning any transactions between TikTok’s parent company, ByteDance, and U.S. citizens for national security reasons within 45 days of the order. Following this development, President Trump ordered in a separate executive order on 14 August 2020 that the ByteDance must sell its U.S. assets within 90 days, stating that the US authorities have “credible evidence” that the Chinese tech giant could take action to imperil national security. The main bidders for the acquisition of ByteDance assets are currently Microsoft and Oracle. According to NPR, TikTok is planning to challenge the executive orders in court.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.