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Trump issues executive orders with effective bans of TikTok, WeChat
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- tellarin 6y agoThis also potentially has many ramifications in different industries. Tencent (owner of WeChat) is a big investor in media and entertainment companies. One side effect, for example, is blocking financial payments to Riot Games, Epic Games, Fortnite, and half the gaming industry.
- jimmygrapes 6y agoThe current wording seems to apply only to transactions involving WeChat, leaving Tencent's other holdings alone... for now.
- nicbou 6y ago> The concern stems from the data that TikTok and WeChat collects on their US users, as well as the perceived inability of Chinese companies like ByteDance and TenCent to reject requests from China's ruling Communist Party (CCP) access that data Isn't this exactly what US companies have been doing to their users? Isn't it also what the US government has been trying to achieve for years? As a European user, it looks as if the pot is calling the kettle black.
- aeternum 6y agoYes, but hasn't China also forced US companies (and probably European companies as well) to sell parts of themselves in order to continue operating in China? This can also be interpreted as a way to even the playing field.
- Traster 6y agoI would imagine this is going to be struck down by a court not because he doesn't have the power to do this, but because he'll have failed to adhere to a fair process in coming up with this - the same reason that his DACA decision was over-turned by the supreme court.