Why Oracle Has a Starring Role in Proposed TikTok Deal
The proposed TikTok deal involves Oracle Corp. playing a crucial role. The US and China are working to resolve the future of the popular video-sharing app in the US. Oracle, a technology company, has been selected as TikTok's technology partner, which means it will be responsible for hosting and managing the app's data. This deal comes after the Trump administration threatened to ban TikTok in the US, citing national security concerns due to its Chinese ownership. The proposed agreement aims to address these concerns by ensuring that TikTok's US operations are not controlled by its Chinese parent company, ByteDance. The deal is still being negotiated, and it remains to be seen whether it will satisfy the US government's requirements and allow TikTok to continue operating in the country.
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