ENTERTAINMENT

TikTok is given a last-minute deadline as the federal judge blocks the ban on the Chinese-owned app


A US judge in Washington temporarily blocked an order from the Trump administration to ban TikTok hours before it was due to go into effect.

District Judge Carl Nichols issued a restraining order requested by TikTok owner ByteDance to keep the app available in U.S. app stores before 11:59 p.m. Sunday.

However, he declined "at this point" to block additional restrictions imposed by the Commerce Department, due to come into effect on November 12th. According to the Beijing-based company, this would make it impossible to use the app in the United States.

Donald Trump has been pushing for TikTok to be either US-owned for months and ordered that TikTok be blocked on Sunday at midnight unless a buyer is found.

Donald Trump, pictured on Sunday, ordered a ban on TikTok downloading from 11:59 p.m. on Sunday

Trump's ban was blocked at the last minute by a judge in Washington DC

Trump's ban was blocked at the last minute by a judge in Washington DC

Judge Carl J. Nichols' verdict was issued hours before the ban was implemented

Judge Carl J. Nichols' verdict was issued hours before the ban was implemented

Last week he said he gave his blessing on a deal between TikTok and a coalition of Oracle and Walmart, but the deal has yet to be approved by the Chinese government, which means the deadline remains.

With the deal, TikTok will become a new Texas-based company that may create 25,000 jobs, Trump said.

Oracle will acquire a 12.5 percent stake in the new company TikTok Global, and Walmart 7.5 percent. The Chinese company ByteDance will keep around 80% of the new company, according to the Wall Street Journal.

Since ByteDance is 40% owned by US investors, the new TikTok Global will technically be majority owned by the US.

Any deal would have to be signed by Beijing. Chinese authorities have announced that they will not allow ByteDance to sell the algorithms used by TikTok, which are believed to be a major part of the app's value.

Donald Trump announced on September 19 that he had approved a deal for Oracle to purchase TikTok

Donald Trump announced on September 19 that he had approved a deal for Oracle to purchase TikTok

Trump said Oracle and Walmart plan to set up a $ 5 billion fund "for educating American youth" as part of the deal.

New York Times & # 39; & # 39; 1619 Project & # 39; & # 39; against Trump's & # 39; & # 39; 1776 Commission & # 39; & # 39;

The New York Times 1619 Project is a Pulitzer Prize-winning collection of essays, photographic essays, poems, and short stories published last year designed to reshape American history from 1619 when the first slaves from Africa to Virginia came. rather than 1776 when the Founding Fathers declared independence from Great Britain.

The title of the project refers to the year in which a ship with the first enslaved Africans arrived on American soil.

Donald Trump has branded the project as "toxic propaganda" and threatened to disappoint California schools who have used the project in the public school curriculum.

During his speech on the 233rd anniversary of the signing of the Constitution, Trump announced that he would soon be signing an order promoting patriotic education through an initiative known as the "Commission of 1776".

The panel, he said, should encourage educators to teach students "the miracle of American history" and plan to commemorate the 250th anniversary of the signing of the Declaration of Independence.

He argued that America's creation "started the unstoppable chain of events that ended slavery" but did not mention how it continued for 246 years, including the 89 years after the 13 colonies declared independence from England.

At a rally in North Carolina last week, he said he told company executives, "Do me a favor, you could put $ 5 billion into an education fund so we can tell people the real history of our country – the real story, not the wrong story. & # 39;

Sources told Bloomberg that the scholarship would come from a public offering in about a year.

ByteDance first heard about the $ 5 billion education fund through news reports, a company spokeswoman said

Trump previously railed against the New York Times Magazine's "1619 Project", which seeks to reshape US history regarding the consequences of slavery, and announced that through an initiative called the "1776 Commission" will sign an order to promote patriotic education.

The panel, he said, should encourage educators to teach students "the miracle of American history" and plan to commemorate the 250th anniversary of the signing of the Declaration of Independence.

It is unclear whether the TikTok billions will be allocated to this order.

In a joint statement on Sept. 19, Oracle and Walmart said they and other companies involved in the deal are planning an educational initiative to provide an online video curriculum in a range of subjects.

According to Oracle and Walmart, four of the five board members at the new company will be American.

Doug McMillon, CEO of Walmart, will be one of the American board members according to the retail chain, but the other members have not been revealed.

The company will push for more American ownership with a public offering of shares next year.

"In addition, we would be working towards an IPO in the US within the next year to give American citizens even more ownership," said Walmart.

In their statement, Oracle and Walmart said TikTok Global will "pay more than $ 5 billion in new tax dollars to the US Treasury Department."

Larry Ellison, Oracle’s chief technology officer, said TikTok was partially convinced of the fact that Zoom had recently moved much of its video conferencing infrastructure to Oracle.

He described Oracle's technology as "much faster, more reliable, and more secure" than its competitors.

TikTok said in a statement, "We are pleased that the proposal from TikTok, Oracle and Walmart will resolve US government security concerns and clarify questions about the future of TikTok in the US."

TikTok said both Oracle and Walmart will participate in a funding round ahead of an IPO, in which they can acquire up to 20 percent of the accumulated shares in the company.

The agreement makes Oracle responsible for hosting all of TikTok's US user data and securing computer systems to ensure that US national security requirements are met.

TikTok said it was also working on a "commercial partnership" with Walmart but did not provide any further details.

ByteDance had tried to get a deal with the White House that would prevent a US ban on TikTok.

Chinese President Xi Jinping said Thursday that "key core technology" must be retained

Chinese President Xi Jinping said Thursday that "key core technology" must be retained

Concern had increased that a deal would allow China to retain control of the company.

While a deal is being negotiated, Chinese President Xi Jinping said, "Innovation is the most important quality of corporate governance, and we must also overcome obstacles to do so in the future."

"The key technology must be held firmly in our hands," he added, according to China's official Xinhua news agency.

What is TikTok?

TikTok is a Chinese social media app that allows users to live stream, create short videos and music videos, as well as gifs with a variety of functions.

TikTok's slogan is "Every Second Counts".

It was the most downloaded app in the US in 2018 and the fourth most downloaded app in the world in 2018, ahead of Instagram and Snapchat.

In 2019, it became the second most downloaded app worldwide after Whatsapp.

TikTok is known as Douyin in China, where it was introduced in 2016 and made available worldwide in 2017.

Douyin is still the version of the app used in China, which can be downloaded separately from TikTok.

Most kids use the app to lip-sync themselves film and draw hits.

It offers users a range of colorful changing and editing tools including overlaying music, sound, animated stickers, filters, and augmented reality (AR) for creating short videos.

The Beijing-based social network has more than 500 million active users and the company is now valued at more than $ 75 billion (£ 58 billion).

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