This news has been received from: New York Post

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

The Chinese company behind TikTok offered the White House a last-minute deal to prevent a US ban of the app, after President Trump announced plans to block it late Friday night.

The social network, controlled by a company called ByteDance, is enormously popular in the United States with more than 80 million daily active users.

But there have been growing fears the company could become a front for Chinese spying efforts.

Under the terms of the new offer, ByteDance said it would completely divest itself from the US operations of the app, Reuters reported Saturday. The offer is a concession for the company, which had previously hoped to keep a minority stake in local TikTok operations. Under the new deal, the company would exit completely and turn over 100 percent control of the app’s US wing to Microsoft.

The deal might also allow for some US ByteDance investors to retain minority stakes of the new business, though it remained unclear.

So far the White House has been cool to the idea, with President Trump telling reporters on Air Force One late Friday that he was intent on banning the service and was in no mood to negotiate on the issue.

“Not the deal that you have been hearing about, that they are going to buy and sell. … We are not an M&A [mergers and acquisitions] country,” Trump said. “As far as TikTok is concerned, we’re banning them from the United States.”

While U.S.-based tech giants like Facebook, Amazon and Google have raised alarm over their data collection and privacy concerns, TikTok has been under particular scrutiny as a result of its Chinese ownership. Many in the Trump administration as well as independent experts are concerned the company cannot reliably protect US user data from the country’s Communist government.

see also
Trump intends to ban TikTok from US: I have that authority President Trump on Friday night said he intends to "ban"...

India has already banned the app and dozens more over similar issues and deteriorating relations between the two countries. China, for their part, has long banned US social media companies, including Facebook and Twitter.

“I don’t think TikTok is ‘uniquely dangerous’, but it is a Chinese app with tens of millions of US users so it stands out in that regard,” Balaji S. Srinivasan, a tech investor, told The Post. “The logic of banning them may well be extended to other [Chinese] apps like WeChat.”

Despite the deal-making overtures, TikTok has struck a defiant tone in public. On Saturday morning the company’s US General Manager Vanessa Pappas delivered a statement to users saying they were prepared to dig in.

“We’re not planning on going anywhere,” Pappas said. “TikTok is a home for creators and artists to express themselves, their ideas, and connect with others across different backgrounds and we are so proud of all the various communities that call TikTok their home.”

She also threw in a dash of economic pressure, giving a shout out to the “1,500 US employees who work on this app every day” — and revealed plans to create 10,000 jobs in the country over the next three years.

Kyodo News/Sipa USA see also
Hundreds of thousands flee TikTok for Byte as Trump ban looms Byte, a social media app released in January, might swallow...

Still, many big-time TikTok users have been mourning the potential loss by posting goodbye videos and plotting their transitions to other apps. A U.S.-based TikTok competitor, Byte, recently surpassed their Chinese counterpart on the Apple app store. Facebook plans to launch a retaliatory short-form video app, Instagram Reels, in the US later this month. Another US-based competitor, “DanceFight,” hit the app store Saturday.

Charli D’Amelio, 16, one of the biggest creators on the platform with 75.4 million followers, spent Saturday posting drafts of old dance videos while she still has the chance.

“If this apps gone, it was fun as you can see here. This app changed my life,” said TikToker Ondreaz Lopez, who has 18 million followers. “The party isn’t over though, FOLLOW EVERYTHING,” he added before posting his handle @ondreazlopez, which connects to his Twitter and Instagram accounts.

Filed under donald trump ,  facebook ,  social media ,  TikTok ,  8/1/20

News Source: New York Post

Tags: tiktok donald trump facebook social media tiktok the company

Tennis : Gasquet beaten in half and injured

Next News:

Location of TikTok Headquarters Is a Matter for ByteDance: PM Johnson's Spokesman

LONDON (Reuters) - The location of TikTok owner ByteDance's headquarters is a commercial decision for the company to make, a spokesman for British Prime Minister Boris Johnson said on Monday, responding to a report that the firm could move to London.

"It would be a commercial decision, and I'm not aware that one has been taken," the spokesman said.

(Reporting by William James; editing by Costas Pitas)

Copyright 2020 Thomson Reuters.

Other News

  • TikTok will be out of business if it doesnt sell by next month, Trump says
  • Microsoft has until Sept. 15 to resolve a lot of thorny questions if it wants to buy TikTok
  • How to download your favorite TikToks as videos
  • How the back-to-school debate looms over the U.S. economy
  • Donald Trump Backs Down from TikTok Ban; Allows Microsoft 45 Days to Negotiate Purchase
  • Exclusive: Trump Gives Microsoft 45 Days to Clinch TikTok Deal
  • White House Backs Microsoft Buying TikTok From ByteDance — But A Deal Must Be Reached By September 15
  • Why investors should care about the fate of TikTok
  • Trump putting TikTok ban on hold for 45 days: report
  • TikTok: What is the app and how much data does it collect?
  • Shoppers plan to skip brick-and-mortar stores as holiday spending season looms
  • TikTok data could go directly to the Chinese Communist Party
  • Microsoft, TikTok to Continue Talks; Trump Gives App’s Chinese Owner 45 Days to Reach Deal to Sell
  • As free agency looms, Bubba Wallace is offered an ownership stake to stay at Richard Petty Motorsports
  • Microsoft says it is still talking with Trump about buying TikTok from its Chinese owner
  • Exclusive: Trump to Give TikTok's Chinese Owner 45 Days to Reach Deal to Sell - Sources
  • Microsoft confirms talks to buy TikTok in U.S., aims to finish deal by Sept. 15
  • New York Mets: Cespedes Absence and Opt Out Looms Over 4-0 Loss
  • Pompeo: TikTok data could be going directly to the Chinese Communist Party