US threatens TikTok ban, company says
has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible US ban, the company said on Wednesday.
CFIUS, a powerful national security body, had unanimously recommended in 2020 that ByteDance divest TikTok. Under pressure from then-President Trump, ByteDance in late 2020 unsuccessfully sought to finalise a deal with Walmart and Oracle to shift TikTok’s US assets into a new entity.“If protecting national security is the objective, divestment doesn’t solve the problem: a change in ownership would not impose any new restrictions on data flows or access,” Tiktok’s Oberwetter said in a statement.
Last week, Democratic senator Mark Warner said it was important the US government do more to make clear what it believes are the national security risks from TikTok. “It’s going to be incumbent on the government to show its cards in terms of how this is a threat,” Warner said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Karpowership still keen to invest in South Africa despite setbacks - TechCentralKarpowership said it doesn’t plan to abandon its work in the country even after setbacks to all three of its local projects.
Read more »
How the collapse of SVB ripped through global tech - TechCentralWhile the global effects of Silicon Valley Bank's collapse are just emerging, one thing is clear: tech startups, no matter how far apart, are intertwined.
Read more »
Plans to fix energy crisis run into a big problem - TechCentralA shortage of electricity grid connections poses a major challenge that needs to be overcome to end load shedding.
Read more »
The crypto bros are fast becoming unbankable - TechCentralCrypto hasn’t yet caused a real-world economic meltdown, but regulators are right not to let this crisis go to waste.
Read more »
Preventing power management headaches through intelligent solutions - TechCentralPromoted | Eaton’s Intelligent Power Manager, from Tarsus Distribution, brings a new generation of intelligent, logical and complete power management tools to the local market.
Read more »
Limited batch of Gizzu Portable Power Stations recalled - what you need to know - TechCentralPromoted | Syntech Distribution is recalling a limited batch of Gizzu power stations after receiving reports of a small number of devices overheating while charging.
Read more »