There are 2 national security problems with China’s control of TikTok, Hayman Capital’s Kyle Bass says: -The Chinese government has “aggressive data collection” policies -TikTok’s algorithm can “influence the thinking and the minds of U.S. youth”
President Donald Trump characterized the deal as a win for the U.S. by making TikTok a company that's owned and controlled by Americans.
Speaking on Fox News on Monday morning, Trump said the Chinese won't have anything to do with TikTok after the deal goes through, and that Oracle and, which said over the weekend that it will take a 7.5% stake in TikTok, will have "total control" over TikTok.
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