A federal judge blocked the Trump administration’s attempt to block TikTok Sunday, giving the Chinese social media platform an opportunity to forge a deal with Oracle.
The decision gives TikTok’s parent company, ByteDance, more time to approve a deal with Oracle and Walmart, media reports show. Judge Carl Nichols’s decision came hours before President Donald Trump’s ban of the video-streaming app was expected to take place. Read More
President Donald Trump said Saturday that he approved a transaction between Oracle and TikTok that allows the Chinese application to stay in the United States.
Part of the arrangement requires the newly U.S.-based TikTok company to direct $5 billion toward teaching American children “the real history of our country,” Trump told reporters at the White House, Bloomberg reported Saturday. The president later told rally attendees in North Carolina Saturday that he is establishing a “large fund for the education of American youth.” Read More
Sen. Josh Hawley called on the Trump administration Monday to reject the partnership proposal Oracle reached with TikTok.
The Missouri Republican argued in a letter to Treasury Secretary Steven Mnuchin that the partnership won’t prohibit the Chinese Communist Party from controlling the app. Hawley said the Treasury Department’s Committee on Foreign Investment in the United States, which is responsible for approving or rejecting the deal, should reject anything other than a complete break from China. Read More
The short-video app TikTok has chosen Oracle as its corporate savior to avoid a U.S. ban ordered by President Donald Trump. The U.S. government will review the prospective deal.
That much is known. Everything else is confusion, at least to outsiders. Read More