Trump's Tencent order only bans WeChat, not Riot and Blizzard. That's a good thing
(www.washingtonexaminer.com)
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So technically the US could ban Reddit...
It would ban financial transactions with Reddit which means all their ad revenue would shrivel up and die overnight.
Seems that Reddit is living on borrowed time then.
If the axe is dropped it would effect their domain registar access and hosting as well as I would doubt any company would be kind enough to hand it over as charity.