But as the relationship between Washington and Beijing frays, the fate of the video app, which is owned by China's ByteDance, looks uncertain. In recent weeks, US government officials have claimed that TikTok poses a serious threat to national security, and President Donald Trump has threatened to ban it unless an American company takes control of its domestic operations.
What's Trump's role?Trump has positioned himself as the kingmaker any deal of any TikTok deal, making clear that he must agree to the terms before anything is made official.If that seems unusual, it's because it is.
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US President Trump: Oracle 'very close' to TikTok dealIf the transaction happens, Oracle would become ByteDance's technology partner responsible for the management of TikTok's data and take a minority stake in TikTok, according to sources.
Source: trtworld - 🏆 101. / 63 Read more »
TikTok-Oracle deal close to national security approvalA bid by Oracle to keep TikTok operating in the U.S. by becoming its technology partner doesn't include the payment to the U.S. Treasury demanded by President Trump, but a promise to create 20,000 jobs could satisfy the administration's demands. Either this was worded extremely clickbaity or I completely missed it, but I did not see anything about approval. That’s the same story that’s been out for a few hours now. Is Oracle truly going ahead with this? With no source code? TrumpPayForPlay DOJPayForPlay
Source: latimes - 🏆 11. / 82 Read more »