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by sozy777 2142 days ago
OK This is huge. Trump isn't just banning TikTok he's banning Tencent and it's holdings too from operating in the US. To put this is perspective Tencent owns Riot Games (League of Legends) and has stakes in Epic Games (Fortnite), Ubisoft (Assassin's Creed) and Activision Blizzard (Call of Duty). Overall Tencent owns 108 companies across media, entertainment, fintech and education. This is going to be a mess. (universal music and Spotify also owned partially)

Also how will impact companies of which Tencent owns less than 50%?

2 comments

It's only WeChat. Reddit, Riot, Epic etc are unimpacted
If the justification is that these apps are going to be used as social surveillance and manipulation apps, then surely Reddit and games with social features are next.
White House has clarified that this will not affect the mentioned gaming companies and other holdings. Only WeChat itself.
Thanks, where is the official source?
https://twitter.com/SamAugustDean/status/1291576813685108736 - There's been no official clarification, but an on-the-record confirmation from the WH via a LA Times reporter.
What they say to the press and what the EO order say are two different things.
an EO is up to the executive branch to enforce. so unless you think they are lying, the wording doesn’t really matter but rather how they enforce it. (unlike a law)