Updated: September 29, 2020 01:58 PM
Created: September 29, 2020 01:47 PM
ALBUQUERQUE, N.M. — Even though a ban on TikTok was blocked by a judge Sunday, there is still a looming deadline for a full ban on Nov. 12.
Christopher Carter, CyberTech CEO and owner of Approyo, explained that the Trump Administration is trying to ban downloads of the app to give the Chinese owners a taste of how much they could lose if they don’t divide 20% of their company with Walmart and Oracle—a computer software company.
Carter said 20% ownership easily translates to billions of dollars.
"I think that's a really key part right there, that Oracle piece. Because what that does is it makes sure that the data stays in the US,” said Carter.
In his executive order, President Trump called TikTok a threat to national security because of the amount of user data it collects.
“They have 100% ability to take that data anytime they want. What this would do, is to stop that,” said Carter.
However, if TikTok owners don’t agree with the Trump Administration, they can simply say no.
If that’s the case, American who have the app won’t be able to use it. Those who wanted to download it, won’t be able to.
Since the app became a platform for influencers, they could lose tens of thousands of dollars depending on their popularity. Carter says if TikTok loses the American app users, it could mean billions of dollars lost.
But if TikTok does become U.S.-based, Carter explained it would only eliminate part of a bigger problem.
“China can literally get all that information by buying from either Facebook, Snapchat or any of these other companies that actually sell data,” he said.
He said work is being done on a law to ban the sale of information from those platforms, but doesn’t see that happening anytime soon.
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