But neither ban is set to proceed immediately after the court order and a separate decision Saturday by the Commerce Department to delay the TikTok ban until September 27 because the app's owner is negotiating a possible deal to give Oracle Corp. oversight of U.S. user data.
In August, Donald Trump threatened to ban TikTok and WeChat by 15 September if they are not bought by a USA company. "At the President's direction, we have taken significant action to combat China's malicious collection of American citizens' personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of USA laws and regulations".
"I think Oracle worked really hard to put together the best deal possible", Rubio said.
Given the president's approval of the TikTok pact, the U.S. Commerce Department said it has pushed back the prohibition on app stores providing access to TikTok until next Sunday, Sept. 27.
Senate Intelligence Committee Acting Chairman Marco Rubio said Sunday that a proposal from software maker Oracle to invest in a restructured TikTok may still be problematic if the Chinese government controls some of the coding mechanisms.
In the case of TikTok, the video-sharing platform announced yesterday that it has secured plans to sell a 20% stake that will be shared between Oracle and Walmart before going public as a US -based company.
For weeks, the Chinese video-sharing platform TikTok and several U.S. companies, including Microsoft and Walmart, have been trying to work out a partnership that would satisfy the Trump administration's concerns on preserving the data of Americans using Chinese media applications. A possible TikTok ban by the Commerce Department is now delayed until September 27.
Founder of truck maker Nikola resigns after fraud allegations
Shares in the company had already dropped by more than 19% in the days since the report was first published by Hindenburg. Hindenburg also compiled a detailed account of Nikola's early days, including Milton's business patterns in the past.
"I think we have to be very careful in looking at that provision, because any opportunity whatsoever for China to continue to collect personal data on Americans, then we can't be supportive of that deal so that's the core and the crux of it that we'll be looking at".
Oracle said that all TikTok technology will be in possession of TikTok Global, which will "comply with US laws and privacy regulations".
Trump approved the deal for the new entity that will be based in the United States. (Variety)The White House will take other action to curb WeChat's use beginning Sunday and will give TikTok until November 12 before further limitations kick in.
In the release, Oracle said it plans to combine its cloud technology with measures such as code reviews and monitoring to ensure that data for U.S. users of TikTok is kept secure and private.
TikTok's brand of short, quirky phone videos has become a global phenomenon, especially among young people, with 100 million users in the United States alone.
"T$3 he court grants the plaintiffs' motion for a preliminary injunction on the ground that the plaintiffs have shown serious questions going to the merits of the First Amendment claim, the balance of hardships tips in the plaintiffs' favor, and the plaintiffs establish sufficiently the other elements for preliminary-injunctive relief", the court order reads.
According to the Washington Post, the United States Department of Commerce took actions Friday that focused primarily on new WeChat downloads and restricting the ability to transfer payments through the app.