It was reported that TikTok would suffer its final fate today. That’s right. Last week it was reported that a deal couldn’t be reached and that TikTok would be banned today. Ironically, 12 hours later Trump Ok’d the Oracle and Walmart deal.
After months of going back and forth, Oracle and Walmart will form a new entity called TikTok Global, which will be headquartered in the United States. The whole point of this was to get TikTok out of the hands of China. India also banned the Chinese owned app.
Can China still use the app for spying on Americans? Well, Chinese tech company ByteDance is expected to hold its majority-ownership position, so skeptics are unsure.
Oracle will host all of TikTok’s U.S. user data and will safeguard TikTok’s computer systems “to ensure U.S. national security requirements are fully satisfied,” TikTok said in a statement.
There you have it. TikTok is saved and get ready for the new dance challenge.