Trump takes another swing at TikTok with a new executive order seeking to force parent company ByteDance to sell the viral video app
- Trump issued a new executive order Friday seeking to force ByteDance to sell popular viral video app TikTok.
- Trump's order aims to retroactively invalidate ByteDance's purchase of Musical.ly, the app that eventually became TikTok, following a review by the federal agency in charge of overseeing foreign investments that could pose national security risks.
- The agency opened its probe into the deal last November, and US Treasury Secretary Steve Mnuchin said in a statement on Friday that the agency completed an "exhaustive review" and "unanimously recommended" that Trump unwind the deal.
- The move comes on the heels of an executive order Trump issued last week that also targeted TikTok by banning American companies from doing business with its Chinese-based parent ByteDance.
- This story is developing.
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Trump takes another swing at TikTok with a new executive order seeking to force parent company ByteDance to sell the viral video app
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Saturday, August 15, 2020
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Reviewed by mimisabreena
on
Saturday, August 15, 2020
Rating:
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