TikTok Asks Court To Intervene As Trump Order Looms

The popular video-sharing app TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene.

Trump in September gave his tentative blessing to a ByteDance proposal meant to resolve US national security concerns by placing TikTok under the oversight of American companies Oracle and Walmart, each of which would also have a financial stake in the company. But TikTok said this week it's received “no clarity” from the US government about whether its proposals have been accepted.

The deal has been under a national-security review by the interagency Committee on Foreign Investment in the United States, or CFIUS, which is led by the Treasury Department. The department “remains focused" on resolving the alleged national security risks posed by TikTok, a Treasury spokeswoman said in a statement Wednesday evening.