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Chicago Tribune Business NewsSep 18, 2020
TikTok, WeChat usage to be banned in the US starting Sunday, Trump administration announces
The Commerce Department will roll out a ban of transactions in the U.S. using TikTok and WeChat starting Sunday.

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Stock market news live updates: Futures point to tech rebound; Trump moves against TikTok, WeChat (Yahoo Business)

MarketWatch MarketPulseSep 18, 2020
Commerce Dept. issues order prohibiting WeChat, TikTok dealings
The U.S. Commerce Department said Friday it is prohibiting transactions involving Tencent's WeChat and Bytedance's TikTok. "While the threats posed by WeChat and TikTok are not identical, they are similar. Each collects vast swaths of data from users, including network activity, location data, and browsing and search histories," the release said. As of Sept. 20, any provision of service to distribute or maintain the WeChat or TikTok mobile applications, constituent code, or application updates through an online mobile application store in the U.S. is barred, as is any provision of services through the WeChat mobile application for the purpose of transferring funds or processing payments within the U.S. The order makes no mention of the Oracle deal with TikTok but said "the President has provided until November 12 for the national security concerns posed by TikTok to be resolved."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



NYTimes BusinessSep 18, 2020
What to Know About Trump's TikTok-WeChat App Store Ban: Live Updates
The latest economic and business news during the coronavirus pandemic.

RELATED ARTICLES
Trump to block U.S. downloads of TikTok, Wechat on Sunday (Yahoo Business)
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