The White House is currently in talks with Oracle and U.S. investors about a potential deal for the popular social media app TikTok. The negotiations come after President Trump signed an executive order last month, requiring the Chinese-owned app to sell its U.S. operations due to national security concerns.
Oracle, a multinational computer technology corporation, has emerged as a potential buyer for TikTok’s U.S. operations, as the company seeks to pivot its focus towards cloud computing and data management services. The deal would involve Oracle becoming a “trusted technology partner” for TikTok, rather than a full sale of the app’s U.S. operations.
The talks between Oracle, U.S. investors, and the White House are still in the early stages, and it is unclear what the final agreement will look like. However, it is clear that the Trump administration is pushing for a deal that would address its national security concerns while allowing TikTok to continue operating in the U.S.
TikTok has become a cultural phenomenon among young users, with over 100 million monthly active users in the U.S. alone. The app allows users to create and share short videos set to music, and has been a platform for viral trends and challenges.
The Trump administration has raised concerns about TikTok’s data privacy practices and its ties to the Chinese government. The executive order signed by President Trump last month cited national security risks posed by the app, and gave TikTok’s parent company, ByteDance, until September 20th to divest its U.S. operations.
The potential deal with Oracle would likely involve significant oversight and regulation of TikTok’s operations in the U.S. to ensure the security of user data and prevent any potential influence by the Chinese government. It remains to be seen how these issues will be addressed in the final agreement.
Overall, the talks between Oracle, U.S. investors, and the White House represent a pivotal moment for TikTok and its future in the U.S. The outcome of these negotiations will have far-reaching implications for the app’s millions of users and the broader social media landscape.