Oracle, US Investors May Take Over TikTok Under Trump Administration Plan: Report

Oracle, US Investors May Take Over TikTok Under Trump Administration Plan: Report

US President Donald Trump’s administration is reportedly developing a plan to secure TikTok’s future by tapping software company Oracle and outside investors to take charge of the app’s global operations, according to a National Public Radio (NPR) report on Saturday (25 January).

According to the report, the White House is negotiating a deal in which TikTok’s Chinese owner, ByteDance, would hold a minority stake, while Oracle would manage the app’s algorithm, data collection, and software…

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