Oracle has been selected to purchase TikTok’s US operations over Microsoft — though, according to The Wall Street Journal, the deal won’t be structured as a sale. Minutes before the news broke, Microsoft revealed that it wouldn’t be involved in any deal even though it reportedly had Trump’s blessing ahead of the app’s anticipated ban. …
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TikTok rocketed further into the mainstream in July, when President Trump indicated that his administration would like to see TikTok banned, and later sold off, over alleged privacy concerns stemming from parent company ByteDance being headquartered in China. Big players like Microsoft are interested in making a deal to keep the popular short video platform …
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The short-video app is wildly popular with teens, but officials fear it could be a conduit for data to China, or for Beijing’s propaganda. Teens love TikTok but the Trump administration fears it. Earlier this week Treasury Secretary Steve Mnuchin confirmed that the social app was subject to a national security review into whether it …
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