Vanessa Pappas has been a TikTok executive for years and is now its acting CEO. Here's how she might lead the company out of troubled waters.
Illustration by Alex Castro / The Verge
TikTok has requested an injunction against a looming ban on its app in the United States. The company — a US subsidiary of Chinese corporation ByteDance — claims a Trump administration executive order violates its right to due process and freedom of speech. It’s asking a District of Columbia judge to block a rule that would require Apple and Google to remove the app from their stores on September 27th.
The request addresses an increasingly convoluted attempt to sever TikTok from ByteDance, ostensibly because the Chinese-owned app poses national security risks. President Donald Trump originally gave ByteDance a September 15th deadline to sell TikTok, then ordered app stores to ban it on September 20th. It was granted a last-minute...
"It's not something I recognize, and it's definitely not the deal I bid on," Microsoft CEO Satya Nadella told CNET.
With Oracle Finally winning the TikTok deal, a lot is in store for the face of marketing in the USIn the bidding of the U.S. operations of TikTok, the short video service owned by China-based ByteDance, Oracle has beaten Microsoft to grab the deal.This news was reported by The Wall Street Journal on Sunday afternoon.This deal is being reviewed by the U.S. Government said Treasury Secretary Steven Mnuchin on Monday on CNBC.Microsoft had partnered with Walmart on its bid, Walmart said that they are still interested in this deal.As reported, Oracle has been working with the investment firms General Atlantic and Sequoia Capital for its own offer.Details of the deals are not yet clear; whether Oracle will take over the U.S. operations of TikTok or will it be a TikTok’s “trusted tech partner” in the U.S.President Donald Trump had earlier threatened to close operations of TikTok in the United States over security concerns unless ByteDance sold the unit to an American buyer.Oracle stock has gained 8.8% in premarket trading, while stocks of Microsoft declined 0.1%, and Walmart has fallen 0.5%.MartechCube’s Take on Oracle TikTok DealWhile the details of the deal are yet to come out and it is still not clear whether this deal will help TikTok in escaping the ban, but this deal has become the talk of the town and everyone is trying to draw out their image on how will the deal look like and what impacts it might have.We here at Martech Cube won’t predict how the deal will look like or what will be its impacts, we will just try to put light on the concerns that are expected to be resolved by this deal.Data protection was the primary reason behind the U.S. Government planning to ban TikTok, Oracle taking over the U.S. operations will ensure that the data of the U.S. citizens will be safe and will stay in the country itself.
With Newer Doubts Creeping in the Tiktok deal & the power concerns on the forefront, is it still a silver lining for the U.S or just a darker cloud?Times have been tough and countries are at crossroads trying to figure out ways that will ensure the safety and security of their assets, including data assets.Not long back, President Trump announced that the U.S will be alienating the famous-infamous Chinese video-social networking app, TikTok from the citizens of the U.S. keeping in mind the security concerns that come with it.Soon after the announcement made headlines, the topnotch industry giants of the U.S., Oracle, Walmart, and Microsoft entered into a bidding war to acquire the U.S. control of TikTok.Oracle happened to surpass and win the deal.Now, Oracle and Walmart together were said to gain control of the U.S operations of TikTok and form a new joint entity named “TikTok Global.” President Trump stated that Oracle will have complete control over TikTok Global, whereas ByteDance (the owner of TikTok) commented that it would hold 80% control of this new entity, which led to silence over conflicting views from both countries.Present Climate –Trump promised the country that Oracle will have all the control and China will be out of the picture.At present, there cannot be seen a definite future of TikTok in the States, as Trum said, “If we can save (TikTok), we will save it, if we can’t we will cut it off.We have to have total security.” So, it is uncertain as to whether or not the deal will go through, with both parties seeking major authority.If the deal sees the light of the day and ByteDance holds 80% control over the operations and data of TikTok Global, the security concern that led to the emergence of the deal in the first place will still prevail.If ByteDance restraints control of the operations to TikTok Global operations, the data generated will be under the company’s purview, again inflicting the concerns to the security of data of around 100 million U.S users majorly comprising teens and 20-somethings.
TL;DR: Trump is confusing everything to stay in the spotlight Analysis Each day for the past six days, the sale of the US wing of the video-sharing app TikTok has been alternatively approved and not approved, each time with a wave of announcements, tweets, press releases and 24-hour news coverage.…
There appears to be confusion over whether TikTok's parent company ByteDance will retain any control over the company.
TikTok says it removed more than 104 million videos globally in the first half of 2020 for violating its content guidelines.
Illustration by Alex Castro / The Verge
Mark Twain is credited with first saying that if you don’t like the weather in New England, just wait five minutes. The TikTok deal has followed a similar schedule.
On Friday, President Trump said downloads of TikTok would be banned from mobile app stores on Sunday, potentially preventing users from receiving critical security updates.
On Saturday, Trump said he supported Oracle’s bid to acquire a stake in TikTok and oversee some of its operations, and extended the ban date to September 27th. As part of the deal, he said, the companies involved had agreed to contribute $5 billion for “patriotic education.”
On Sunday, everyone involved took a well deserved rest. And as Monday dawned, everything went to hell.
Everyone agrees that Oracle...
The president’s ban on WeChat has also hit a roadblock.
President Donald Trump approved the deal "in concept" but lots of questions remain unanswered.
In which we try to answer questions such as: "What the actual heck is going on?"
The president’s claims that the app is a national security threat don’t top the First Amendment.
US President Donald Trump said Saturday he had approved a deal that involves Oracle and Walmart, but it falls short of an outright Tiktok divestment.