Oracle and Microsoft are reportedly in talks to take over TikTok
TikTok has less than 75 days to make a deal.
TikTok has less than 75 days to make a deal.
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Can somebody familiar with the law help me answer a few questions. I didn't think the president had the power to delay a law taking effect. Would the next administration be able to collect fines from Oracle for continuing to host TikTok? Could any US company that competes with TikTok have standing to sue Oracle for violating the law and potentially costing them business?
The Act permits the President to grant a one-time extension of no more than 90 days with respect to the prohibitions’ 270-day effective date if the President makes certain certifications to Congress regarding progress toward a qualified divestiture.
Here's last week's full Supreme Court ruling this quote is from: https://www.supremecourt.gov/opinions/24pdf/24-656_ca7d.pdf
If Oracle and Microsoft, or basically any other western entity, purchase Tiktok from ByteDance, then this law will no longer apply. The law only applies due to ByteDance being a Chinese-based company
Many thanks, I appreciate this
Did…Trump actually do something legal?
Accidentally.