US President Trump has ordered ByteDance to divest TikTok amid US concerns user data could be passed to China's Communist Party government.
However, President Trump on Wednesday raised questions about ByteDance's plans to keep a majority stake in TikTok's US operations.President Trump said he did not favour the idea of the Chinese firm retaining control, after six Republican lawmakers urged him to reject the proposal. TikTok said in their Thursday statement that they "submitted a proposal to the Treasury Department which we believe would resolve the administration's security concerns".
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Trump says Oracle close to TikTok deal as ByteDance aims for majority ownershipPresident Donald Trump said on Tuesday he had heard Oracle Corp 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. How can he force a company to sell to an American company? This is illegal. The tiktok take down. So much for freedom of speech. realDonaldTrump You are nasty Mr Trumpy
Source: Reuters - 🏆 2. / 97 Read more »
Trump says Oracle close to TikTok deal as ByteDance aims for majority ownershipPresident Donald Trump said on Tuesday he had heard Oracle Corp 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. 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 Oracle you want majority of ownership 70% Trumps never got it wrong has he 😂
Source: Reuters - 🏆 2. / 97 Read more »
Trump admits TikTok can't legally pay US government as part of sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I believe the correct position is to be against Facebook's buying Instagram on antitrust -AND- to be against Tiktok operating in USA when China blocks all our our apps. I am a democrat. Both issues have nothing to do with Trump Well duh, we aren’t some sort of communist country after all, not yet anyway. Trump wants a payoff!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump Administration Pushes for U.S. Control of TikTokTrump administration officials are looking to give American investors a majority share of the company that will take over the Chinese-owned video sharing app TikTok, according to people familiar with the matter. Whatever happened to capitalism? Private enterprise? Or does Trump think this is China? I didn't think the US had a use for anything like that. Magkakatornado din at madadagdagan ang patay na kano
Source: WSJ - 🏆 98. / 63 Read more »
ByteDance says TikTok proposal will need both Chinese and U.S. approvalByteDance's proposal for U.S. software firm Oracle Corp to become a technology partner in its TikTok app will ultimately need approval from both Chinese and U.S. officials, the company said on Thursday. Take it or leave it World needs BusinessBeyondBorders
Source: Reuters - 🏆 2. / 97 Read more »