SOCIAL MEDIA/TRUMP ADMIN: “TikTok has filed a petition in a US Court of Appeals calling for a review of actions by the Trump administration’s Committee on Foreign Investment in the United States (CFIUS). The reason, according to the company, is that it hasn’t heard from the committee in weeks about an imminent deadline for parent company ByteDance to sell off US assets over national security concerns.
The CFIUS set the deadline of November 12th for TikTok to divest itself of ‘any tangible or intangible assets or property, wherever located, used to enable or support ByteDance’s operation of the TikTok application in the United States.’ TikTok says it applied for a 30-day extension that was allowed for in the CFIUS’ order, but hasn’t received any communication on the matter…
ByteDance agreed to sell part of its US business in a complicated deal including Oracle and Walmart, which President Trump approved in September. But the deal was never sanctioned by the Chinese government, and it’s been in limbo ever since.”
-Sam Byford, “TikTok says the Trump administration has forgotten about trying to ban it, would like to know what’s up,” theverge.com, Nov. 10, 2020