was very close to a deal over ByteDance's TikTok, even as sources said the Chinese company was seeking to keep majority ownership of the popular short video app.
Oracle would become ByteDance’s technology partner responsible for the management of TikTok’s data and take a minority stake in TikTok, the sources added. Mnuchin, who chairs CFIUS, and Commerce Secretary Wilbur Ross were meeting at the White House on Tuesday to consider ByteDance’s proposal, two of the sources said.It is unclear whether Trump will approve ByteDance’s proposal, the sources said, requesting anonymity because the deliberations are confidential. The White House, ByteDance and Oracle did not immediately respond to requests for comment.
In its lawsuit against Trump’s previous executive order, dated Aug. 6, which calls on TikTok to be banned, the app said CFIUS had not identified any mitigation measures that would address the national security risks, despite TikTok proposing to bring in “trusted U.S. technology partners,” as it has now branded Oracle.
Trump doesn’t know shit he’s just lying and distracting and criminally intervening in corporate business. Trump is all lies and bluster and only fools would support this bafoon.
Trumps farytale
Then everyone will drop tiktok!!! Now that would be awesome
Because he’s literally the least informed person on the planet. Spend more time reading kids, it’s more important than you think
That puts paid to Tik Tok if Trump has anything to do with it
Oracle you want majority of ownership 70%
Trumps never got it wrong has he 😂
they can invade your privacy & steal data, but it's only acceptable if they're multinational companies that were initially launched in your country. Politicians won't regulate it, they'll just make it look better
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Source: Reuters - 🏆 2. / 97 Read more »