InvestorQ : Why is Tik Tok planning to file a lawsuit against Donald Trump?
Crowny Pinto made post

Why is Tik Tok planning to file a lawsuit against Donald Trump?

Answer
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1 month ago


Tik Tok is planning to file a lawsuit against the Trump administration essentially to challenge the executive order signed by Donald Trump that bans transactions with the video app in the US. Tik Tok has held that it was contrary to freedom of doing business legitimately.

Tik Tok has raised strong objections to Trump’s order ordering to ban the app from the US within 90 days. By then, Tik Tok will have to divest its US operations. China feels the US government is unnecessarily inserting itself into private business contracts.

Trump had exercised emergency powers to pass the order under a 1977 law that permits the US President declare a national emergency in response to an extraordinary threat. This also allows blocking deals and seizing assets. Microsoft is a likely suitor, as is Oracle.