Biden backs off on TikTok ban in review of Trump China moves
FILE - In this Sept. 28, 2020 file photo, a view of the TikTok app logo, in Tokyo. Separately, the Biden administration has “indefinitely” shelved a proposed U.S. takeover of TikTok, according to a Wall Street Journal report. AdThe unusual arrangement stemmed from a Trump executive order that aimed to ban TikTok in the U.S. unless it accepted a greater degree of American control. Psaki added that the Biden administration is comprehensively evaluating risks to U.S. data, including those involving TikTok. AdWhile President Joe Biden has said TikTok is a concern, his administration hadn't said whether it will continue to try to ban TikTok or force a sale.
Oracle planning to relocate its headquarters to Texas
Oracle will join several other tech companies that have already made Austin their home, including Google, Facebook, Dell, IBM and others. It’s the most recent move to the Lone Star State. Tesla CEO, Elon Musk recently announced his decision to move to Texas as well. Abbott issued a statement following Oracle’s announcement and said the relocation will be beneficial to the company and the state as a whole. The statement reads: “Oracle is a global technology giant with an already strong presence here in Texas, and we are proud to welcome its headquarters to Austin.
Software giant Oracle relocating its headquarters to Texas, governor says
AUSTIN, Texas – Tech company and software giant, Oracle, is relocating its headquarters from Silicon Valley, California to Austin. Oracle will join several other tech companies that have already made Austin their home, including Google, Facebook, Dell, IBM and others. “We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” Hellinger said in a statement. “Oracle is a global technology giant with an already strong presence here in Texas, and we are proud to welcome its headquarters to Austin. No date for Oracle’s relocation to Texas has been announced as of yet, but we’ll bring more updates as they become available.
Google, Oracle meet in copyright clash at Supreme Court
WASHINGTON – Tech giants Google and Oracle are clashing at the Supreme Court in a copyright dispute that's worth billions and important to the future of software development. But Oracle says Google “committed an egregious act of plagiarism” and sued, seeking more than $8 billion. Google won the first round when a trial court rejected Oracle’s copyright claim, but that ruling was overturned on appeal. The questions for the court are whether the 1976 Copyright Act protects what Google copied, and, even if it does, whether what Google did is still permitted. The case is Google LLC v. Oracle America Inc., 18-956.
Federal judge postpones Trump ban on popular app TikTok
NEW YORK – A federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app TikTok from U.S. smartphone app stores around midnight. The ruling followed an emergency hearing Sunday morning in which lawyers for TikTok argued that the administration's app-store ban would infringe on First Amendment rights and do irreparable harm to the business. In arguments to Judge Nichols, TikTok lawyer John Hall said that TikTok is more than an app, since it functions as a “modern day version of a town square." In addition, Hall argued that a ban would prevent existing users from automatically receiving security updates, eroding national security. Trump set the process in motion with executive orders in August that declared TikTok and another Chinese app, WeChat, threats to national security.
TikTok asks judge to block Trump’s ban as deadline looms
NEW YORK – Chinese-owned TikTok asked a judge to block the Trump Administration’s attempt to ban its app, suggesting the video-sharing app’s forced deal with Oracle and Walmart remains unsettled. An app-store ban of TikTok, delayed once by the government, is set to go into effect Sunday. President Donald Trump set this process in motion with executive orders in August that declared TikTok and another Chinese app threats to U.S. national security. But he also said he could retract his approval if Oracle doesn't “have total control.”The two sides in the TikTok deal appear at odds over the corporate structure of TikTok Global. ByteDance, TikTok’s Chinese parent, said Monday that it will still own 80% of the U.S. entity after a financing round.
WATCH LIVE: President Trump holds discussion on social media abuses at 2 p.m.
President Donald Trump will hold a discussion with state attorneys general on “protecting consumers from social media abuses” at 2 p.m. Wednesday. Trump has targeted Chinese-owned TikTok for national security and data privacy concerns in the latest flashpoint in the rising tensions between Washington and Beijing. On Saturday, he backed a proposed deal that allowed TkTok to partner with Oracle, a Texas-based company, and Walmart. The deal will make Oracle responsible for hosting all TikTok’s U.S. user data and securing computer systems to ensure U.S. national security requirements are satisfied. Walmart said it will provide its ecommerce, fulfillment, payments and other services to the new company.
President Trump says new TikTok headquarters could land in Texas, but questions about the deal remain
AUSTIN, Texas – President Donald Trump said Saturday that he tentatively approved a deal between the Chinese-owned social media app TikTok and Oracle and Walmart that could bring the new joint venture’s headquarters to Texas. Greg Abbott tweeted that he had spoken to the president about Texas housing the possible new TikTok headquarters. “I let him know that if he approves the deal Texas would be the perfect place for the HQ,” Abbott wrote in the tweet. Trump had previously requested that there be a contribution to the U.S. government in exchange for helping to arrange the deal. In a TikTok press release describing the deal, the company said the jobs would be “across the country.”While Trump said the deal had his “blessing,” a final agreement is still uncertain.
Trump backs proposed TikTok deal with Oracle, TikTok
WASHINGTON – President Donald Trump said Saturday he's given his “blessing” to a proposed deal that would see the popular video-sharing app TikTok partner with Oracle and Walmart and form a U.S. company. Trump said if completed the deal would create a new company likely to be based in Texas. “We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the U.S. administration and settle questions around TikTok’s future in the U.S.,” TikTok said in a statement. On Saturday, Trump said the U.S.-based TikTok “will have nothing to do with China.” TikTok says it has 100 million U.S. users. Earlier Saturday, WeChat users asked a U.S. judge to block the government's actions, saying they would restrict free speech.
US bans WeChat, TikTok from app stores, threatens shutdowns
TikTok won't face the most drastic sanctions until after the Nov. 3 election, but WeChat users could feel the effects as early as Sunday. The order, which cited national security and data privacy concerns, follows weeks of dealmaking over the video-sharing service TikTok. Trump had said this week that he does not like the idea of ByteDance keeping majority control of TikTok. The administration, however, has provided no specific evidence that TikTok has made U.S. users’ data available to the Chinese government. Some cybersecurity experts question whether the administration's efforts are more political than rooted in legitimate concerns about Chinese threats to data security.
Trump not ready to OK TikTok deal, admits US won't get cut
I have to see the deal,” Trump told White House reporters Wednesday evening about Oracle's interest in TikTok. Some in the U.S. have raised concerns about the deal, fearing that ByteDance Ltd., the Chinese company that owns TikTok, would maintain access to information on the 100 million TikTok users in the United States. The president previously said that he would ban TikTok if it wasn't sold to an American company. Trump said he was stunned to learn that the Treasury could not receive any payment in exchange for the U.S. signing off on the deal. Not all Republicans are on board with the Oracle deal.
Q&A: What does a deal between TikTok and Oracle mean?
ByteDance Ltd., a Chinese company, launched TikTok in 2017, then bought Musical.ly, a video service popular with teens in the U.S. and Europe, and combined the two. TikTok says it does not store U.S. user data in China and that it would not give user data to the government. There are also concerns about TikTok censoring videos critical of China, which TikTok denies, or pushing propaganda. Oracle was among the pool of bidders, including Microsoft and Walmart, to buy TikTok’s American operations. If Oracle and TikTok can show they can safeguard user data in the U.S., CFIUS and the Trump administration might accept the arrangement.
Source: Oracle wins TikTok over Microsoft in Trump-urged bid
TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban. TikTok denies that it has shared user data with the Chinese government or that it would do so if asked. It competes with tech giants such as Microsoft and Amazon that provide cloud services as well as business-software specialists like Salesforce. The president said on Aug. 18 that Oracle was “a great company” that “could handle” buying TikTok. He declined to state his preference between Oracle and Microsoft as buyers.
Walmart may join Microsoft in bid for video app TikTok
HONG KONG Walmart said Thursday it may join Microsoft to buy the U.S. business of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration. Walmart said in a statement that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers. Microsoft has confirmed discussions with TikTok; other tech companies such as Oracle are also reportedly interested in a possible acquisition. U.S. authorities are concerned that TikTok would turn over user data to Chinese authorities and that it censors content that would upset China. Microsoft and Walmart are already business partners, with Microsoft providing cloud computing services that help run the retailers stores and online shopping.