Trump will prohibit transactions with Bytedance beginning September 20 in apparent TikTok ban

Trump will prohibit transactions with Bytedance beginning September 20 in apparent TikTok ban
  • President Trump has signed a new executive order which will block all transactions with Bytedance, TikTok’s parent corporation, in an effort to “address the national emergency with respect to the information and communication technology supply chain.” It isn’t effectively immediately, but has a 45 day deadline.
  • A parallel order banned transactions with WeChat, a popular texting app in China that maintains a small user base in the US.
  • The move comes after months of escalating tensions, which saw Secretary of State Mike Pompeo and others at the White House warn that TikTok presented a national security threat because of its Chinese ownership.
  • On Friday, President Trump told reporters aboard Air Force One that he was preparing to sign some sort of order banning the app.
Katherine Wu
Katherine Wu
@katherineykwu
I have tears steaming down my face trying to figure out what the hell this means. WeChat is the only form of communication between me and my parents and grandparents- my entire family in China. It’s always been so godd… Show more
Anna Fifield
Anna Fifield
@annafifield
All the focus has been on TikTok because Americans use it. But for China, WeChat is a much much bigger deal. It’s impossible to function in China without WeChat https://t.co/l8OAULiShB
Sam Dean 🦅
Sam Dean 🦅
@SamAugustDean
This was pretty much impossible to tell from the EO itself—I also had a moment that they were roping in Riot et al when I first read it—but "we just mean WeChat" is the WH line for tonight. But banning all transactions… Show more
Sar Haribhakti
Sar Haribhakti
@sarthakgh
All true : 1) CCP started this war two decades ago 2) Trade reciprocity is a reasonable expectation 3) Algiorithmic & info control is a dangerous tool in hands of CCP given its track record 4) POTUS has been a whimsi… Show more
Vladimir Esaulov
Since 2005 I worked as a developer, as a system architect, as a team leader, and as a CTO. I'm developing products, teambuilding, and processes around of them.

So sad to read that in 2020 but it's just a chance to buy one more company with great discount.