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Biden revokes and replaces Trump executive orders that banned TikTok

Biden revokes and replaces Trump executive orders that banned TikTok

Posted By: Editorial Teamon: June 09, 2021In: NEWSNo Comments

President Joe Biden signed an executive order on Wednesday that sets criteria for the government to evaluate the risk of apps connected to foreign adversaries, a move with implications for Chinese-owned sites like TikTok and WeChat. Biden revoked and replaced the three executive orders by then-President Donald Trump that sought to ban transactions with TikTok and WeChat […] Read more

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Trump shows support for Oracle’s bid to buy TikTok in the U.S.

Trump shows support for Oracle’s bid to buy TikTok in the U.S.

Posted By: Editorial Teamon: August 19, 2020In: NEWSNo Comments

President Donald Trump said U.S. enterprise software giant Oracle is “a great company” when asked if if it would be a good buyer for TikTok. His endorsement for Oracle, co-founded by billionaire Larry Ellison, comes after reports that the Californian tech firm is interested in buying TikTok’s North America, Australia and New Zealand businesses from Chinese parent company […] Read more

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Pompeo says Trump’s executive orders are ‘broader’ than just TikTok and WeChat, hinting at more action

Pompeo says Trump’s executive orders are ‘broader’ than just TikTok and WeChat, hinting at more action

Posted By: Editorial Teamon: August 13, 2020In: NEWSNo Comments

U.S. Secretary of State Mike Pompeo said President Donald Trump’s executive orders against TikTok and WeChat could be “broader” than just those two apps. Pompeo did not elaborate, but his comments could be hinting at action against other Chinese apps or even TikTok’s parent company ByteDance, or WeChat owner Tencent. “So when President Trump made his announcement about not only […] Read more

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TikTok owner ByteDance reportedly made a profit of $3 billion on $17 billion of revenue last year

TikTok owner ByteDance reportedly made a profit of $3 billion on $17 billion of revenue last year

Posted By: Editorial Teamon: May 27, 2020In: NEWS, PEOPLENo Comments

TikTok owner ByteDance made a net profit of $3 billion last year, according to a report from Bloomberg on Wednesday that cited people familiar with the matter. The fast-growing company more than doubled its revenue from $7.4 billion in 2018 to $17 billion in 2019, according to the report, which states that it also has a […] Read more

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