TikTok had a spectacular escape just a minute before G thanks to the US judge’s decision

On the morning of September 28, Carl Nichols – a judge in the District Court of the District of Columbia, Washington temporarily blocked the US government’s ban on TikTok application, right before the ban took effect at 23:59 -9 (US time).

This means, TikTok is still allowed to be available on the Play Store and App Store app stores in the US at the present time. Previously, the US government issued a decision requiring Apple and Google to remove TikTok from the app stores on iOS and Android on September 20. However, the ban was extended for another week so that TikTok can finalize deals with Oracle and Walmart.

It is known that ByteDance – TikTok’s parent company has filed a request to suspend the ban in the District Court of Columbia, Washington. In a document submitted to the court, ByteDance said it was “working hard to satisfy the constantly changing requirements and security concerns of the US government”. Meanwhile, the US Department of Justice has also sent documents supporting its decision to block TikTok. After reviewing the documents of both sides, the District Court of Columbia issued a decision in favor of TikTok.

This is only a temporary victory for this popular short-video-sharing app, though, as judge Carl Nichols still refuses to order to block additional restrictions put in place by the US Department of Commerce on the day. September 18. Specifically, the decision, expected to take effect on November 12, will block all transactions with TikTok, and will not allow this application to be hosted on servers in the US.

TikTok’s parent company ByteDance is concerned that the aforementioned decision will make the app unusable in the US. The company itself also affirmed that the ban by the US government is not necessary, as negotiations to restructure ownership of TikTok are still underway.

According to the details of the deal announced, Oracle and Walmart will acquire TikTok in the US and create a new company, TikTok Global. In which, Oracle holds 12.5% ​​of the shares, Walmart holds 7.5%. With ByteDance, this company still holds about 80% of TikTok Global’s shares.

The fact that ByteDance still holds a majority of its shares goes against the will of US President Donald Trump, which requires US companies to take ‘full control’ of TikTok Global. This is also the main reason why the structural agreement at TikTok in the US has not come to a final consensus.

Refer to The Guardian