The social media platform, owned by Chinese company ByteDance, filed a U.S. Court of Appeals petition seeking clarity about a November 12 deadline Washington gave it to sell its U.S. assets. The company said it filed the petition after it didn’t hear back from the Trump administration’s Committee on Foreign Investment in the United States about its application for a 30-day extension. (The Verge)

Talking point: TikTok, which was subject to the order to divest due to alleged national security concerns, said “in the nearly two months since the President gave his preliminary approval to our proposal to satisfy those concerns, we have offered detailed solutions to finalize that agreement – but have received no substantive feedback on our extensive data privacy and security framework,” leaving it with “no choice but to file a petition in court.” Oracle and Walmart had entered a deal to take ownership stakes in the video-sharing company’s U.S. operations, though that remains up in the air, with China concerned about the transaction. Meanwhile, ByteDance, its parent firm, should generate at least ¥180 billion in ad revenue in China this year, sources told Reuters.