So, it looks like Trump will give TikTok a 90 day breathing period....

He might try. Will it work? The statute gives the President the power to grant a 90-day extension, but only if he certifies that TikTok has met certain milestones on the way to a sale. TikTok hasn't met any of those milestones. ByteDance has taken no action whatsoever towards divesting itself of TikTok. I don't think that would stop Trump from making the certification to Congress and declaring the statute delayed....but that probably would be in violation of the terms of the statute.

Will that be enough for Oracle to continue to serve up TikTok content from their servers? A $5K fine per user served over 50 million or so daily US TikTok users would translate into (checks math) $250 billion in fines. So if there's even a tiny chance that Trump's action is later found invalid, and they're potentially on the hook for "lose the company" fines? If you're Safra Catz (CEO of Oracle), can you in good faith fulfill your fiduciary duty to your shareholders if you subject your company to that risk?

We'll soon see!

US Policy FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.