Quick Answer: Is TikTok Getting Banned In The US?

Who is going to buy TikTok?

Oracle will take a 12.5 per cent stake in TikTok Global and store all its US user data on its cloud to comply with US national security requirements, the companies said.

Retail giant Walmart said it would take a 7.5 per cent stake in TikTok Global.

ByteDance will remain a majority shareholder..

Is TikTok safe?

Your Personal Security Risk Is Low That said, it’s up to the individual to decide what they want to share. “If you don’t mind a foreign government knowing what you are watching, where you are located, and what you might be saying to friends over TikTok, then you are likely fine,” Podnar says.

Why is TikTok getting banned in the US?

On 6 August, Donald Trump published executive orders targeting the viral video app TikTok and messaging app WeChat. The orders declared that the two apps would be blocked from processing transactions for US citizens and from being downloaded in US app stores after 45 days, or on 20 September, due to security concerns.

Does Walmart own TikTok?

Walmart said Saturday that it has tenatively agreed to take a 7.5% stake of a newly created company based in the U.S. called TikTok Global. … Oracle would become TikTok’s cloud provider and a minority investor with a 12.5% stake.

Why would Walmart buy TikTok?

The company said Thursday that its interest in the app stems from the way it has “integrated e-commerce and advertising capabilities in other markets,” and added that TikTok could bolster Walmart’s access to consumers. … TikTok says it has about 100 million users in the United States.

Who is going to acquire TikTok?

Oracle will become TikTok’s cloud provider and a minority investor with a 12.5% stake. Walmart has tentatively agreed to a purchase 7.5% stake, and CEO Doug McMillon would serve as one of the five board members of the newly created company.

Did TikTok get banned in the US?

Trump issued executive orders to effectively ban TikTok and WeChat in the United States. Citing those orders, the Commerce Department said this month that it would bar WeChat and TikTok from U.S. app stores, including those run by Apple and Google.

Why is TikTok banned?

It has been banned by the government of India since June 2020 along with 223 other Chinese apps in response to a border clash with China. Pakistan banned TikTok citing ‘immoral’ and ‘indecent’ videos on 9 October 2020 but reversed its ban ten days later on 19 October 2020.

How does TikTok make money?

One obvious way TikTok makes money is by running ads. In June of 2020, the popular video-sharing app launched TikTok for Business as a way for brands to run their own ads within the app. There are several types of TikTok ads, including In-Feed ads, Brand Takeovers, and Branded Hashtag Challenges.

Which country banned TikTok?

Then, on June 29, India suddenly banned TikTok. The app, which is owned by a Chinese company, was one of dozens banned in the country days after a violent border clash between India and China left at least 20 Indian soldiers dead.

What’s wrong with TikTok?

The app has been downloaded a reported 123 million times in the United States alone. Recently TikTok has been heavily criticized for its lack of privacy protection and possible connection to authoritarian governments.

Is TikTok a spy app?

The administration has explicitly claimed TikTok spies on people but has never offered public evidence. Experts diving through TikTok’s code and policies say the app collects user data in a similar way to Facebook and other popular social apps.

Can TikTok steal your information?

If you opt in, TikTok says it can collect your phone and social-network contacts, your GPS position and your personal information such as age and phone number along with any user-generated content you post, such as photos and videos. … TikTok also gets a sense of what makes you tick.

Should I be worried about TikTok?

The US government worries the app could be used not only to surveil US users but to censor political speech and spread misinformation that could hurt democracy in the US. … Several cybersecurity experts told Recode that the app could pose a risk — if indeed the Chinese government forced TikTok to share data.