TikTok and Oracle are having to convince the Trump administration their proposed deal will keep data secure.
A source told Axios one condition of the deal is that Oracle will have to audit TikTok's source code to make sure there aren't any security backdoors. TikTok's source code and particularly its recommendation algorithm have become a sore point in negotiations after China imposed strict new technology export laws at the end of last month.Oracle's TikTok deal might mean the US tech giant gets to turn the video apps source code inside-out.the companies' deal — which currently under review by the US government — includes the stipulation that Oracle will examine TikTok's source code to make sure there aren't any backdoors.
The source told Axios Oracle will be able to review all updates to TikTok rolls out, and TikTok US will have its own government-approved board including a security director and security subcommittee comprised of US citizens. These details are notable because Oracle has to convince the Trump administration to allow it to take a majority stake in TikTok, rather than buying it outright. Last month Trump tried to force TikTok to completely sell off its US operations to an American company using two executive orders.
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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.
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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
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TikTok: What we know about Oracle partnership and Trump's China fears - Business InsiderOracle, TikTok, and the Trump administration have reportedly 'tentatively' reached a deal. Here's everything we know about the partnership that could save TikTok from Trump's threats of a US ban. hope not its a big mistake for america we must ban tiktok 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 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
Source: BusinessInsider - 🏆 729. / 51 Read more »