So this “TikTok ban” is interesting, because while TikTok is the biggest app hit, it’s actually much more far reaching than that. If I’m reading it correctly, it’s basically saying that China, Russia, Iran, and North Korea are “national security threats” and that any company that they own 20% or more stake in can be targeted by the President as a “national security risk” and be forced to sell or be banned.
Right now, the only company specifically named is ByteDance, which owns TikTok, but also owns subsidiaries like NuVerse, who created the mobile game, Marvel Snap. Marvel Snap is also currently down because of the ban.
However, MANY game companies are at least partially owned by the Chinese. Tencent is a major one, and apparently the next target for this ban. Tencent owns League of Legends and Riot Games, GGG (Path of Exile), Funcom, and a majority share of Epic Games (Fortnite being the major game there, as well as the Unreal Engine, which most games use).
Now, I’m 95% sure this is all for show, and that sometime in the next couple weeks, we’re going to get headlines about how “Trump saved TikTok” (which ignores the fact that he introduced the ban in the first place), but if they do start to target some of those bigger game companies, they might be kicking a hornet’s nest without knowing it.