TikTok May Launch IPO If Oracle Deal OK’d, Instagram Co-Founder Kevin Systrom Approached for CEO Job (Reports)

Todd Spangler NY Digital EditorThe federal judge who blocked the White House’s ban on TikTok downloads in the U.S. Sunday night said that the Trump administration “likely exceeded the lawful bounds” of the powers afforded to the president under the the International Emergency Economic Powers Act.President Trump invoked the IEEPA in his executive order to ban TikTok, the short-form video app owned by Chinese internet giant ByteDance, in the United States.

Dominic Patten Senior Editor, Legal & TV CriticDonald Trump suffered another blow on Sunday as a federal judge hit the pause button on the former Celebrity Apprentice host ban on the Chinese created widely successful video app.Coming just as the New York Times dropped a bombshell expose on Trump’s long hidden taxes and debts, the partial injunction granted by U.S.

an American-owned company, after voicing concerns that the app, which is owned by Chinese tech firm ByteDance, was misusing user information and jeopardizing national security. If a sale isn’t approved by that date, Trump said, he’ll ban new downloads of the app in U.S.

ushed back a series of its biggest blockbusters well into the next few years, while testing the waters with an unconventional release for “Mulan,” its live-action remake of the 1998 animated classic. “Mulan” hit theaters in China and other Asian countries in late August where it has grossed just over $40 million.” Simultaneously, the company released the movie on its streaming service Disney+ for the steep price of $30.

Normally, news of a brand-new film from Ron Howard would garner happy reactions from film fans. Though he doesn’t always wow us with his films, when Howard is on his game, the filmmaker has the chance of turning in something special.

Todd Spangler NY Digital EditorThere’s a new sign the Chinese government is leaning toward spiking the deal to transfer control of TikTok from ByteDance to U.S. owners, including Oracle and Walmart.An editorial Wednesday in China Daily, the state-run newspaper of the Beijing regime, called the agreement to form TikTok Global — which was forced by an executive order by President Trump under the guise of protecting U.S.

“The Farewell” director Lulu Wang is taking issue with Ron Howard’s decision to helm a new biopic focusing on the life of renowned Chinese pianist Lang Lang.

Andreas Wiseman International EditorRon Howard, Imagine Entertainment, AGC Studios and CAA are teaming up for the movie biopic of virtuoso Chinese pianist Lang Lang.Two-time Oscar-winner Howard will direct the currently untitled film with Oscar-winner Brian Grazer producing alongside Imagine’s President of Features Karen Lunder, and AGC Studios’ Stuart Ford.The project plans to shoot in China and the U.S. and will feature both Mandarin and English.

Also Read: Ron Howard's Thai Cave Rescue Drama 'Thirteen Lives' Lands at MGMHoward plans to shoot the untitled Lang Lang biopic in China and the U.S. and will feature both Mandarin and English.

Todd Spangler NY Digital EditorThe fate of TikTok isn’t fully settled yet.In a sign that the talks over the ownership transfer of TikTok to U.S.-controlled parties — forced by the Trump administration — could potentially get derailed, Oracle and ByteDance, TikTok’s Chinese parent, are making different claims about who will own what in the newly reincarnated TikTok Global.On Sunday, ByteDance said in a statement that it would own 80% of TikTok Global, with Oracle and Walmart collectively taking

Jill Goldsmith Co-Business EditorWall Street is warming to a TikTok deal despite a continued lack of clarity, happy to keep a popular, fast-growing advertising platform humming along and skirt a brewing tech cold war between the U.S. and China.“This will be a relief to technology investors to have this high drama soap opera now in the rear view mirror,” said Daniel Ives, an analyst at Wedbush Securities.

Also Read: TikTok 'Disappointed' With US Ban on New App Downloads, Pledges to Protect User Privacy and SafetyTikTok Global, which TheWrap reported last week would be looking to file an initial public offering sometime in 2021, would have five board seats, with Walmart CEO Doug McMillon serving as director.Bytedance would retain ownership and control of its code in its deal with Oracle; the software giant, along with controlling American user data, would be allowed to review the source code and

TikTok will seemingly continue to operate in the US after President Donald Trump gave his “blessing” to a proposed deal that will see the video-sharing app partnering with Oracle.The app, along with WeChat, had previously faced a download ban after the US government said they were both  “active participants in China’s civil-military fusion” and alleged that they collect “vast swaths of data from users, including network activity, location data, and browsing and search histories.”But it will now

Todd Spangler NY Digital EditorOracle said it will take a 12.5% stake in the new TikTok Global, a U.S.-based entity formed from the Trump administration’s demand that the popular video app’s Chinese parent company, ByteDance, divest its U.S.

President Donald Trump is barreling ahead with his vanity project distraction tactic Gen Z revenge plot plan to ban TikTok.

The U.S. will ban the downloads of the Chinese apps TikTok and WeChat on Sunday, with a total ban on the use of the latter, citing national security and data privacy concerns.

Transactions with two popular Chinese-owned social media platforms will soon be banned in the United States.Both TikTok - the video-sharing social networking service - and WeChat - a multi-purpose messaging, social media and mobile payment app - will be affected.The US Commerce Department will be rolling out a ban of transactions using the two services from Sunday, September 20.The order that was put into place earlier today aims to "combat China's malicious collection of American citizens'

TikTok and WeChat from Sunday (September 20), a statement from the Department of Commerce has confirmed.According to The Telegraph, the block comes as TikTok seeks approval from the US government for a deal with American computer corporation Oracle.The Trump government has forced TikTok to join forces with an American company to ensure that the hugely popular video app does not send user data to China.Announcing the download ban, the US government said that both apps were “active participants