Oracle (NYSE:ORCL) is closing in on a deal to oversee TikTok’s U.S. operations, but the negotiations are anything but simple. While the plan would give Oracle a stake and control over American user data, ByteDancethe app’s Chinese parentmay still hold onto its powerful algorithm. That’s where things get tricky. Lawmakers and national security officials argue that as long as China retains influence over TikTok’s core technology, the risks don’t really go away. Beijing, for its part,…
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https://uk.finance.yahoo.com/news/oracles-high-stakes-tiktok-takeover-190510031.html