The administration of US President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app’s global operations, National Public Radio reported on Saturday.
Under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would retain a minority stake in the company, but the app’s algorithm, data collection and software updates would be overseen by Oracle,…
