The administration of U.S. 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,…
White House in talks to have Oracle, US investors take over TikTok, NPR reports
