US flails against TikTok injunction with new CFIUS deadline change

Illustration by Alex Castro / The Verge

The US government has given video sharing platform TikTok another reprieve, but it’s not totally clear how the latest deadline extension will be enforced or what the penalties would be.

On Friday, the Trump administration’s Committee on Foreign Investment in the United States (CFIUS) issued a notice giving TikTok a new deadline to either sell or spin off its US business: November 27th (which happens to be the day after Thanksgiving in the US). But it’s not clear what legal authority CFIUS would have to take action once that day arrives, since the council is still bound by an injunction issued by a federal court in Pennsylvania on October 30th.

It’s the latest twist in an extremely confusing case that started over the summer. President...

Continue reading…



from The Verge - All Posts https://ift.tt/2Us7JcV
US flails against TikTok injunction with new CFIUS deadline change US flails against TikTok injunction with new CFIUS deadline change Reviewed by Benny on November 13, 2020 Rating: 5

No comments:

Powered by Blogger.