Trump Administration Explores Oracle-Led Takeover of TikTok to Address Security Concerns
- The Trump administration is negotiating with Oracle for a takeover of TikTok to address security concerns, with Oracle overseeing the app's algorithm and data collection.
- Under the deal, China-based owner ByteDance would keep a minority stake, while American investors would control the majority.
- The White House is focused on appeasing Congress, as TikTok must comply with a law requiring divestiture from ByteDance to continue operating in the U.S.
- Meetings between Oracle and White House officials are ongoing, with Oracle interested in a stake valued in the tens of billions.
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Total News Sources0
Leaning Left13Leaning Right21Center24Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
42% Center
L 22%
C 42%
R 36%
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