and his administration declared the social media platform a security threat and said it was being used to siphon users’ data and compromise the U.S. India had previously banned TikTok for similar seasons., Oracle will be announced as TikTok’s “trusted tech partner” in the U.S. However, it won’t be structured as an outright sale.
Walmart had joined with Microsoft for a bid last month in a move that surprised Wall Street. Most analysts had expected Microsoft to prevail on the merits. While it, too, is mostly in the software trade, it has acquired communication platforms like LinkedIn and Skype and also has a thriving video game division, putting it more in touch with TikTok’s core teen-age users.
Trump had imposed a September 15 deadline for the deal to be sealed. When negotiations were complicated by technical aspects of disentangling TikTok’s infrastructure from that of ByteDance, the notion of extending the deadline surfaced, but Trump last week insisted the date was firm.on its dramatic growth. With 100 million users and nearly nine-fold growth since 2018, TikTok is one of the fastest-growing tech companies in recent times.
The app also played a memorable role in an episode that embarrassed the Trump presidential campaign in June. When thousands of ticket requests for a Trump rally in Tulsa circulated on TikTok, campaign officials boasted about record-setting attendance and even set up an overflow area next to the arena. It turned out the buzz was phony, and the ticket demand an elaborate prank. Only a few thousand attended and TV cameras showed thousands of empty seats.
so did they buy them or are partnering up with them?
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