TikTok’s future in the United State is still hazy. The clash between TikTok and Trump had previously resulted in a plan of the company’s divestiture in the U.S. assets. While the government has granted an extension to the decision, the government recently said to discuss further on the Chinese company’s future in the United States.
TikTok divestiture on hold, CFIUS to continue with the discussion
Previously, the Committee on Foreign Investment in the United States (CFIUS) extended the order on TikTok divestiture. The extension was to end until Friday. However, on the last day of the extension, CFIUS reportedly tweaked the plan. Quoted from Reuters, a Treasury Department representative said late on Friday that CFIUS “is engaging with ByteDance to complete the divestment and other steps necessary to resolve the national security risks”. None of those involved in the TikTok’s case gave comments at the moment. Reuters‘ report further revealed that the U.S. appeals court will hold an argument hearing for TikTok on Dec. 14.
Prior to this issue, TikTok had submitted at least five proposals to address the country’s concern on security. One of the suggestions offered amongst all the proposals is “creating a new entity, wholly owned by Oracle, Walmart and existing U.S. investors in ByteDance, that would be responsible for handling TikTok’s U.S. user data and content moderation”. Reuters reported about the latest proposal last week.
Free from Trump, will TikTok gain its access to the U.S. market back?
The Trump administration has been strongly against TikTok’s operation in the United States. National security concern was the main concern for the administration. Even though TikTok complied to all the demands requested, TikTok still fails to retrieve its accessibility in the United States. As of 27th of September, Apple and Google officially removed TikTok from its stores. With Joe Biden taking over the presidency, TikTok’s future is regaining attention from the public.
Read also: Trump Admin to Delay TikTok Ban
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