President Trump is claiming victory after blessing a deal in which Oracle and Walmart will own a stake of TikTok. Both sides made concessions. But experts say the most serious one seems to have been made by the White House, despite Trump's proclamations.
President Trump said he approved a deal struck with U.S. companies Oracle and Walmart to keep TikTok alive, but the agreement does not accomplish what the president sought to achieve.Sheldon Cooper/SOPA Images/LightRocket via Getty Images
The White House never offered any real proof to support its fear that TikTok is a Chinese surveillance tool. But national security experts on both sides of the aisle in Washington agreed that China's authoritarian regime is untrustworthy and has almost unfettered access to private business in the country. And so, a review of TikTok's data privacy and security appeared reasonable.for signing off on a last-ditch deal to rescue TikTok, boasting that the China problem had been solved.
From afar, Trump's TikTok deal could look like nothing more than a shakedown that ended with a business, that is aligned with the president, winning a lucrative stake in one of the most successful apps in the world right now. But this doesn't really resolve any issues related to security, says Kirsten Martin, professor of technology ethics at the University of Notre Dame.
Through this deal, Walmart can tap a user base of some 100 million users in America. Most of them are young consumers, who spend hours on TikTok, memorized by the app's addicting algorithm that is without peer in Silicon Valley.
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