White House Eyes Oracle-Led Takeover of TikTok: Report – Wall Street Pit

The administration of U.S. President Donald Trump is reportedly formulating a strategy to preserve TikTok’s operations in the U.S. by involving Oracle (ORCL) and a consortium of investors to take over the management of the app’s global operations. According to NPR, this plan would see ByteDance, TikTok’s Chinese parent company, maintaining only a minority stake while Oracle would oversee critical aspects like the app’s algorithm, data collection, and software updates. Oracle, which…