WASHINGTON (Reuters) - U.S. lawmakers of both major parties voiced skepticism about a proposed deal between Oracle and China's Bytedance that appears to stop short of a full sale of Bytedance's popular social media app TikTok to a U.S. firm as demanded by President Donald Trump.
Oracle <ORCL.N> announced on Monday it was part of a proposal submitted by Bytedance to the U.S. Treasury Department to serve as "trusted technology provider," to Bytedance, with no further details on the terms of the deal.
Trump has made it clear he wants to see an outright sale of TikTok to a U.S. company, raising questions about the deal's approval amid concerns that U.S. user data could be passed on to China's government.
Trump issued an executive order last month that would ban TikTok in the United States as early as Sept. 20 if ByteDance does not comply with ...
Read More on Datafloq
No comments:
Post a Comment