About This Source - Bloomberg QuickTake: Now
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Bloomberg QuickTake: Now published this video item, entitled “Here’s Why the TikTok App Will Be Removed From U.S. App Stores Sunday” – below is their description.
The U.S. moved to expel the Chinese-owned WeChat and TikTok apps from U.S. app stores as of Sunday, while reserving the right to reverse a ban on TikTok’s video-streaming service once it can hammer out a deal to satisfy national security concerns. Bloomberg’s Kurt Wagner joins us live to unpack this news. The Commerce Department restrictions lay out two, largely separate timelines for WeChat and for TikTok. Restrictions for both go into effect on Sept. 20, but Tiktok transactions won’t be impacted until Nov. 12, allowing the video app additional time to hammer out a deal with Oracle that satisfies the Trump administration. If the national security concerns are resolved by then, the prohibitions may be lifted, the Commerce Department said. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at email@example.com QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.Bloomberg QuickTake: Now YouTube Channel
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In This Story: Donald Trump
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
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In This Story: TikTok
TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.
ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.