Oracle's TikTok deal earned Trump's approval, but the rollercoaster isn't over yet - Business Insider

📆 9/21/2020 7:00 PM
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On Saturday, Trump backtracked on his original disapproval of Oracle's deal with TikTok parent company ByteDance, and gave the deal his blessing

Here's a breakdown of the deal as it stands right now—and the problems it still has: on two key terms: Oracle would become TikTok's "trusted technology provider" and take over hosting and processing TikTok's US user data, as well as own a minority stake

in TikTok. Those details have remained unchanged. One, TikTok will spin off into a separate corporate entity known as TikTok Global, which will be headquartered in the US. Two, But despite those additions, some national security concerns remain unresolved.

Write Comment

Remember when it wasn’t the King’s job to approve trade deals among companies, but the FTC’s?

What did they give him?

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US postpones TikTok ban after Trump gives his 'blessing' to Oracle deal - 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. Azé Kokovivina du Togo Azé Kokovivina du Togo
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