The Limited Times

VIDEO. TikTok should escape its ban from the United States

9/20/2020, 2:32:32 PM


Donald Trump validated, on September 19, an agreement that would bring the majority of the application's shares under American control.

For several months, Donald Trump and his administration have threatened TikTok, a very popular application among adolescents, with banning from the United States.

The US president accuses the platform of industrial espionage on behalf of the Chinese government.

If TikTok is indeed a branch of a Chinese group, ByteDance, no tangible evidence of espionage or misuse of the data collected has however been made public.

If nothing was put in place to reduce the influence of China on this application before mid-September, Donald Trump had undertaken to ban its download.

After several weeks of negotiations, TikTok and the Trump administration may well have come to an arrangement: Chinese Bytedance would create a brand new company involving two other American companies: Oracle and Walmart.

This new structure called TikTok Global would be based in the United States and would hire 25,000 people.

The agreement would allow the majority of the company's shares to come under the control of American companies or investors.

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Donald Trump validated this agreement on Saturday, September 19.

Before going into effect, it has yet to be finalized by the companies and approved by a national security committee of the US government.