TikTok: What we know about Oracle partnership and Trump's China fears - Business Insider

Although the deal aims to address the US government's national-security concerns,at the deal to ensure China-headquartered ByteDance can't access the data belonging to TikTok's American users.

Instead of an outright deal, the Oracle-TikTok relationship would be more of a "partnership" without the "exchange of significant assets," The Wall Street Journal first reported.We don't know why ByteDance's deal with Microsoft, which seemed sure for weeks, fell apart. that investors were unhappy with the price Microsoft offered and that it upset ByteDance CEO Zhang Yiming by characterizing TikTok as a security concern that only it could fix.The Committee on Foreign Investment in the US — which reviews transactions between foreign and American companies and declared last month that ByteDance had to divest its US operations — was set to review the proposed deal this week.

If the committee approves the deal, President Donald Trump will have to sign off on the details. On Tuesday, Trump said he had "The Chinese government will also have to agree to the terms before the deal is official. The Financial Times reported that Chinese officials had already shown support for the Oracle deal, which appears to let ByteDance retain significant control.

TIM WU.... A TikTok Ban Is Overdue Critics say we shouldn’t abandon the ideal of an open internet. But there is such a thing as being a sucker.

scholar ben thompson (stratechery) believes that we must ban tiktok and wechat

I still hope Tiktok is banned not sold. Do you remember when China stole Alipay from Yahoo? That is ANT FINANCIAL Yahoo owned 40% of it now worth $80 billion of the $200 billion marketcap. China stole from us. Yahoo didnt get a dime from Alipay

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

hope not its a big mistake for america we must ban tiktok

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What Oracle and TikTok stand to gain from a partnership - 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 still hope Tiktok is banned not sold. Do you remember when China stole Alipay from Yahoo? That is ANT FINANCIAL Yahoo owned 40% of it now worth $80 billion of the $200 billion marketcap. China stole from us. Yahoo didnt get a dime from Alipay 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. BAN IT TIM WU.... Inventor of the concept 'Net Neutrality' A TikTok Ban Is Overdue Critics say we shouldn’t abandon the ideal of an open internet. But there is such a thing as being a sucker.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Oracle's proposed TikTok deal shows pitfalls of bets on advertising - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »

TikTok-Oracle bid faces last-minute national security concerns: report - 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. Watergate 2020 | JO-366 December 17, 2020 Supreme Court U.S. | 10CV10823EL August 17, 2010 Pathonatery Office Dauphin Co. PA | November 2, 2010 Election
Source: BusinessInsider - 🏆 729. / 51 Read more »

ByteDance: TikTok, Oracle deal is subject to Chinese approval - 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. This was a given wasn’t it? Why is this surprising? They will sell with a secret unknown to the US backdoor... Just ban the app and make a better one in the US.. This proves that president Trump was right, byte dance works with Beijing, to share user information, amongst others.
Source: BusinessInsider - 🏆 729. / 51 Read more »