SAN FRANCISCO: TikTok is urging a federal court to block US President Donald Trump from banning the video app, arguing the move is motivated by election politics rather than legitimate national security concerns.
Citing “confusing and contradictory statements about TikTok” by the president and other agencies, the motion for a preliminary injunction argues a ban is not motivated by “genuine national security concern, but rather by political considerations relating to the upcoming general election”. As competing statements deepened the mystery over the app’s future, ByteDance earlier said TikTok Global plans to launch a “small round of pre-IPO financing” after which it would become an 80%-owned subsidiary of ByteDance.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: