CEO's Corner®-By K.L.P Entertainment™-"March 17th Edition"

CEO’S CORNER

Friday’s End of the Week Column

The request strengthens the White House's position on the well-liked video app, which is run by the Chinese internet giant ByteDance. As the White House strengthens its position toward resolving national security concerns about the well-known video service, TikTok claimed on Wednesday that the Obama administration wants the Chinese ownership of the business to sell the platform or face a potential ban.

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The request strengthens the White House's position on the well-liked video app, which is run by the Chinese internet giant ByteDance. As the White House strengthens its position toward resolving national security concerns about the well-known video service, TikTok claimed on Wednesday that the Obama administration wants the Chinese ownership of the business to sell the platform or face a potential ban.

Two persons with knowledge of the situation indicated that TikTok received the latest request to sell the app in the most recent weeks. The Chinese internet business ByteDance is the owner of TikTok.

The action marks a signi Biden administration's attitude toward TikTok, which has come under concerns that Beijing would try to obtain American users' data from the app. Attempts by the White House to Negotiate a deal with TikTok that would implement new security measures for the app's data and prevent ByteDance from having to sell its stock in the program.

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Yet, the White House's support for legislation that would enable it to outlaw TikTok in the US along with the desire for a sale tightens its stance. It is reminiscent of the stance taken by the late President Donald J. Trump, who threatened to impose a ban on TikTok unless it was acquired by an American firm. TikTok claimed that it was considering its alternatives and that it was upset with the choice. The business claimed that its security approach, which calls for storing American consumers' data there, provided the best safety for users.

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The request strengthens

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"Divestment doesn't address the problem if preserving national security is the goal,” Problem: According to Maureen Shanahan, a spokeswoman for TikTok, a change in ownership would not impose any additional limitations on data flows or access. Shou Zi Chew, the CEO of TikTok, is slated to appear before the House Energy and Commerce Committee the following week. He is likely to be questioned about the app's connections to China and worries that it exposes children to hazardous information. Both a spokeswoman for the Treasury Department, which has been in charge of the negotiations with TikTok, and a spokesman for the White House declined to comment. Also declining to comment was the Justice Department. The Wall Street Journal previously reported on the demand for a sale. the Biden administration and the Chinese government regarding national security, economic and technological leadership. With massive financial schemes to boost home

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The request strengthens the White House's position on the well-liked video app, which is run by the Chinese internet giant ByteDance. As the White House strengthens its position toward resolving national security concerns about the well-known video service, TikTok claimed on Wednesday that the Obama administration wants the Chinese ownership of the business to sell the platform or face a potential ban.

In the end, it looked that the Trump administration had reached an agreement with ByteDance to sell a portion of TikTok to Oracle. Walmart and a cloud computing startup. But the planned deal was never completed.

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Staff from CFIUS and TikTok kept negotiating a settlement that would let the app run in the United States. In August, TikTok turned in a substantial draft of the contract, which it has dubbed Project Texas. According to the proposal, the business would keep user data from Americans on Oracle-operated servers located domestically. Since submitting their request, TikTok management claim they have not heard back from CFIUS representatives.

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stores was ultimately rejected by federal judges. Moreover, the American Civil Liberties Union recently opposed legislation that would have outlawed the app, claiming that it violated the First Amendment.

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