Steve Kovach, reporting for CNBC:
The Commerce Department announced it will ban U.S. business
transactions with China-owned social apps WeChat and TikTok
The announcement sets up two different time frames for WeChat
and TikTok, with a full ban on WeChat going into effect Sunday
along with a ban on updates and maintenance to the TikTok app.
TikTok has a Nov. 12 deadline before companies are banned from
providing cloud and internet services for the app, which could
give Oracle more time to hammer out its offer for TikTok to
satisfy President Trump.
Be careful of headlines along the lines of “U.S. bans TikTok” — right now it’s just new downloads that will be banned, not use of the app if already downloaded. Predictably, TikTok has shot to the top of the download charts.
WeChat is in a different boat — it’s set to be fully banned. The politics of this distinction couldn’t be more clear. Peter Kafka:
WeChat: Enormously popular with Chinese-Americans. Owned by
Chinese company. Will be crippled in US Sunday night.
TikTok: Enormously popular with Americans including some Trump
voters. Owned by Chinese company, trying to do deal w/ Trump
supporters. Will be OK through election.
Larry Ellison is a big Trump supporter, just in case you weren’t aware of how flamboyantly transparent the cronyism is with the Oracle-TikTok deal.
★ Friday, 18 September 2020