tiktok

Trump administration officials have expressed skepticism over a deal that would leave Chinese-based ByteDance with a majority stake in TikTok, saying in order to quell national security concerns over the app American investors should hold a majority share. In an executive order last month, President Trump gave ByteDance 45 days to sell its U.S. TikTok …

President Trump said he doesn’t want ByteDance to be TikTok’s majority owner under the Chinese tech giant’s proposed partnership with Oracle. Reports this week have indicated ByteDance wants a majority stake in a new US-based company set up to run TikTok’s global business — a proposal Trump said he “conceptually” didn’t like. “If that’s the …

National security regulators are reviewing a proposal that would leave ByteDance, TikTok’s Beijing-based parent company, with a majority ownership stake in the short-form social media app. According to a Wall Street Journal report, the Committee on Foreign Investment in the U.S., or Cfius, reviewed the deal that includes California- based tech firm Oracle’s bid to …

White House economic adviser Larry Kudlow on Wednesday said the US was in a “deep review process” of a deal Oracle struck with the popular video-sharing app TikTok’s Chinese parent company. Kudlow says “security and ownership” were important to President Trump in the review process. Earlier Wednesday, White House press secretary Kayleigh McEnany said the …

Ongoing developments have exposed a new strain of political ball game: technology. In a sign of building tensions between the two major powerhouses in this regard, the US ambassador to China, Terry Branstad, announced today he is stepping down from his position. Although there are many potential causes for this, the US pressure in the …

Sen. Josh Hawley called on the feds to shoot down TikTok’s proposed partnership with Oracle because it would keep the popular short-video app tethered to its Chinese owner. The Missouri Republican laid out his concerns in a Monday letter urging the Committee on Foreign Investment in the US to reject TikTok parent ByteDance’s proposal to …

Treasury Secretary Steven Mnuchin said Monday that the Trump administration will conduct a national security review of the sale of TikTok to Oracle, which won the bidding war for the video-sharing app’s U.S. operations. ByteDance, TikTok’s Beijing-based parent company, has accepted an offer from Oracle, a tech firm based in California, to buy TikTok’s U.S. …

TikTok has found a dance partner to keep it going in the US — but it has to convince the feds not to let the deal flop. American software firm Oracle said it would become the “trusted technology provider” for ByteDance — the Chinese tech giant behind the popular app known for its viral dance …

Software giant Oracle confirmed Monday that it has reached a deal with TikTok parent ByteDance to become the Chinese firm’s “trusted technology provider” in the US. The California-based company said Beijing-based ByteDance had submitted the proposed deal to the US Treasury Department over the weekend as it faced a Sept. 20 deadline to dump TikTok’s …

YouTube is rolling out a short-form video feature called “YouTube Shorts” to compete with the popular social media platform TikTok. YouTube said Monday that YouTube Shorts — set to launch in the next few weeks — will allow creators and artists to shoot short, catchy videos up to 15 seconds long using their mobile phones. …