The Treasury Department said it would review a deal by Oracle Corp. for TikTok’s U.S. operations aimed at avoiding a ban of the popular video-sharing app because of its Chinese ownership.submitted by TikTok’s Chinese parent ByteDance Ltd. to the U.S. government in which the American tech company would “serve as the trusted technology provider.” It beat out Microsoft Corp.
Details of Oracle’s arrangement with TikTok weren’t immediately disclosed, but it is expected to involve moving TikTok’s data on American users to Oracle’s cloud-computing infrastructure and housing that information only in the U.S. Oracle is joining with some of ByteDance’s U.S. investors, and Walmart Inc., which had been working with Microsoft, suggested late Sunday that it is considering joining the Oracle group, according to the people.
Cancel tiktok. Young generation is dumb enough already without another app...
When you talk about national security, they talk about free market and kick off your door. When you win the free market, they talk about national security and close their door. This is the American arrogance.
I’m sure this deal will go through - Ellison is much more Trump’s cup of tea.
Incompetent but nasty.
强盗国家
Meaning, of course, Trump will tell Mnuchin the recommendation & Mnuchin will make it back to Trump. This way DJT has no responsibility. Yet, we all know this is just a masquerade to pretend to be working. It's as if nothing can be done in this WH unless it is laced with BS.
theft
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What a hoot it'll be if all the TikTok users who are NOT trudging the corporate path, including but not limited to those who sabotaged Parscale/Trump on the Tulsa rally, ditch TikTok for a rival after whatever scheme is completed by Establishment Money/Power. It would be logical.
It's not actually a sale of the full US operation. Looks like they are just hosting the US side, meaning it doesn't meet Trump's standard set and should still be on track to be shut down. Unless he changed his mind.
We need to review the measures not allowing the data to be stolen
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Source: CNBC - 🏆 12. / 72 Read more »