U.S. Joins Global Bid to Carve Up the Internet With TikTok Move

The U.S., in effect, is following steps a number of other governments have taken to treat citizens’ data as a national-security issue and restrict how it is stored and shared

President Trump over the weekend approved in principle a deal that would shift TikTok’s headquarters and data to the U.S. Chinese owner ByteDance Ltd.

and its investors, for now, remain the majority shareholder, with Oracle Corp. taking a 12.5% stake in the new company, called TikTok Global, and Walmart Inc. owning 7.5%. Oracle will serve as a technology partner...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oracle to Take 12.5% Stake in TikTok Global, Walmart to Get 7.5%[UPDATE: The Trump administration delayed the download ban on TikTok in the U.S. by one week, pushing it to Sept. 27.] Oracle said it will take a 12.5% stake in the new TikTok Global, a U.S.-based …
Read more »

Lebanese Newcomer Nour Ardakani Joins Global Pop Group Now UnitedNow United, the global pop group formed by “American Idol” creator Simon Fuller, has added a new member: 18-year-old Nour Ardakani from Lebanon. Ardakani will become Now United’s 16th member follow…
Read more »

TikTok Will Be Banned From U.S. App Stores Beginning SundayBeginning Sunday, downloads of TikTok and WeChat, a popular Chinese messaging platform, will be banned on U.S. app stores.
Read more »

'Bored by all this drama': TikTok users play it cool over latest U.S. ban threatSince July, TikTok users have braced for a threatened ban of the ultra-popular short-form video app in the United States, with some opening accounts on rival platforms and encouraging friends to do the same.
Read more »

LGBTQ TikTok Users Fear Losing 'Safe Space' As Trump Bans DownloadsMany young queer people say they've used the app to swap anecdotes and advice, and now fear for their mental health and well-being.
Read more »

What Trump's TikTok ban means for usersTikTok restrictions start on September 20 but will initially apply to new downloads and software updates, meaning the app will continue to work as normal for existing users—at least until November 12.
Read more »