IT minister Vaishnaw's remarks come amid growing speculation that TikTok could make a comeback in the country as relations between India and China begin to thaw.
A now-deleted report by GeekPark claimed ByteDance had approved a sale to an Oracle-led group, retaining a minority stake. However, ByteDance has not confirmed this, and the report has been scrubbed from Chinese platforms.
This switchover is designed to enable a clean operational handoff while satisfying national security concerns, particularly around where and how US user data is stored, claims a report.
It is the third time Donald Trump has extended the deadline.
"I don't acquire companies in general," Elon Musk explained, highlighting the rarity of such moves in his career -- with Twitter being an exception
The Donald Trump administration is negotiating a deal with TikTok's China-based owner ByteDance. Both Oracle and Microsoft could be a part of the deal.
The order came amid growing doubts on the future of the app that went dark on Saturday, shortly before a law that cited national security to say the Chinese owner ByteDance should sell it or face a ban in the U.S. came into effect on Sunday.
Despite Donald Trump suspending the ban on TikTok in the US, the app remains missing from Google Play Store and Apple's App Store
Apple, Google aren’t taking any chances and have not made TikTok available on their app stores till now.
"We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans," said the company
TikTok has sent a notification to users in the US on its Android and iOS apps informing that it is indeed shutting down its services.
TikTok’ statement comes hours after a unanimous Supreme Court ruling on Friday, which upheld a law mandating service providers to cease supporting the app in the US
Initially rolling out in the US, these features will be expanded to other regions in the near future, according to Instagram.
While the U.S. ban has been debated for months, India acted swiftly in June 2020 to block TikTok and nearly 60 other Chinese apps over national security concerns, stripping many creators of their main source of income and shattering a digital community.
President-elect Donald Trump has requested the U.S. Supreme Court to pause the law that could ban TikTok or force its sale to an American company. With a ruling expected on January 10, Trump seeks time to find a "political resolution" before taking office on January 20. The law mandates TikTok's Chinese owner, ByteDance, to sell the app by January 19, or face a potential ban. TikTok, with over 170 million U.S. users, has fought the legislation, but a decision could impact its future in the U.S. Stay tuned for updates on this high-stakes legal battle.
Trump argues that only he has consummate dealmaking expertise, the electoral mandate, and the political will to negotiate a resolution to save the platform
"We'll take a look at TikTok,” said Trump but didn’t divulge any other details as he met TikTok CEO Shou Zi Chew at his Mar-a-Lago resort.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia will hold oral arguments on a legal challenge filed by TikTok and Chinese-parent company ByteDance that seeks an injunction barring the law from taking effect
From OpenAI co-founder Ilya Sutskever starting another AI firm to Nvidia shares falling causing Microsoft to become the world's most valuable company again, here's a look at recent business developments around the world.
From China's attempts to end the property crisis, OpenAI dissolving its Superalignment team, China's Nio challenging Tesla with Onvo, and ByteDance seeking to expedite its TikTok lawsuit, here's a look at recent business developments around the world.
On Tuesday, a group of TikTok creators filed suit to block the law that could ban the app used by 170 million Americans, saying it has had ”a profound effect on American life.”
TikTok has said that it will challenge the law in court and termed it “unconstitutional”. TikTok CEO said that "we are confident and we will keep fighting for your rights in the courts.”
The decision by House Republicans to include TikTok as part of a larger foreign aid package, a priority for President Joe Biden with broad congressional support for Ukraine and Israel, fast-tracked the ban after an earlier version had stalled in the Senate.
Young Americans looking to start careers online must be careful what they wish for
The decision to ban Tiktok will be implemented through the Ministry of Communication and IT, she said.