The video app Tiktok may remain now nevertheless on the US market. The future of the video app Tiktok in the US seems to be secured after President Donald Trump approved a deal between the Chinese owner Bytedance and US companies. Tiktok’s global business will be transferred to a new company based in the US, “probably in Texas,” Trump said. The Department of Commerce postponed the download stop for the App in the USA, which should take effect for users starting Monday, by one week. 4besnews Trump had called Tiktok a security risk, because the App belongs to the Chinese Bytedance company. In his view, Chinese authorities could have used the app to obtain data from Americans. Following this reasoning, he laid the foundation for the removal of the app in the USA with two orders. According to the deal that has now been finalized, the software company Oracle is to process all data of US users and take care of the corresponding technical systems. F9news In addition it became so far only officially admits that Oracle before an initial public offer of Tiktok Global is to take over a portion of 12,5 per cent of the company and the supermarket giant Walmart will hold 7,5 per cent.
Continue reading Dispute between the USA and China: TikTok Sale Deal
