TikTok said on Saturday it plans to file a lawsuit on Monday against President Donald Trump’s executive order prohibiting transactions with the popular short video app and its Chinese parent ByteDance, confirming an earlier Reuters report. Reuters exclusively reported on Friday that TikTok would challenge Trump’s executive order. TikTok’s owner ByteDance issued a separate statement on Sunday saying it will officially file a lawsuit against Trump administration on Monday, August 24. Trump issued an executive order on August 14 that gave ByteDance 90 days to divest the U.S. operations of TikTok. ByteDance has been making progress in talks with potential acquirers, including Microsoft Corp and Oracle..

Source: The Standard August 23, 2020 06:45 UTC