#Tiktok on the clock full#

The reversed stance is extremely political (not surprising seeing how elections are around the corner), especially with the additional condition that the US Department of the Treasury would get a cut of the deal. Out of the 2 executive orders by Trump, while both are extremely oppressive, the acquisition seems like the best outcome.

Albeit different stories, who is to say other unicorn tech start ups with great potential but not hailed from the US will not face the same sentence as Tiktok? This is not the first time a foreign based tech company has come under fire after gaining some footing in American soil - Singapore’s broadcom failure to acquire US semiconductor company Qualcomm Chinese companies Kunlun Group and iCarbonX had to sell their stakes in US companies Grindr and Patientslikeme, respectively. Now that Tiktok might be acquired by Microsoft, will Microsoft finally be grilled? If not, why? Need we be reminded of the event in Tulsa that caused a major headache to the Trump administration? Whether it’s for a good cause or not, that is hella scary.Ģ.This directly threatens and silence any future success stories The antitrust hearing mainly targeted the 4 tech giants (Facebook, Apple, Amazon and Google) because of their massive consumer internet presence.

#Tiktok on the clock full#

Because Tiktok is such a successful and viral app that technically did not hail from the US, what are the repercussions of a full ban on this app in the US?ġ.Awesome, get this app out of USA and make America great again. We would think, well okay, I guess the story ends here.Tiktok gets acquired?

He then reversed his stance - no more fully banning the app, instead, he would allow a US based company to acquire Tiktok. Through all the push and pull, Trump finally gave the executive order on to ban any US company or individual from making transactions with ByteDance and bans Tiktok in the US on. Despite the countless efforts to cooperate and increase transparency, Tiktok never did assimilate well with the US tech scene. From the very beginning, America has been adamant to pull the rug from under Tiktok - from being wary that it’s parent company’s based in China is getting data sent from America to China to keeping them under constant review by CFIUS (Committee on Foreign Investment in the United States). We all know that ByteDance (the parent company of Tiktok) and how Tiktok rose to fame in 2018 after merging with Musical.ly. This is not the first time a foreign company has been ousted from America but what makes this interesting is the breakdown of this event, the numerous outcomes from this saga, who is going to benefit more from this incident and also the future repercussions should any of the outcomes come true. It’s not new news that Tiktok, a widely used and adored social media platform, has been making headlines again and again recently.