Tag: Oracle

Trump touts ‘fantastic’ TikTok deal with Walmart and Oracle

Popular video app TikTok announced Saturday it has proposed an agreement with Oracle as its US technology provider and Walmart as a commercial partner, a potential deal US President Donald Trump touted as “fantastic.”

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok’s future in the US,” a spokeswoman for TikTok, owned by China’s ByteDance, told AFP.

Oracle will become the “trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully

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What Oracle deal with ByteDance would mean for you if Trump administration approves it

ByteDance, the Chinese company that owns the popular video-sharing app TikTok, has tapped Oracle as its U.S. technology partner in a bid to keep its U.S. operations going.

So what does that mean for you?

“The impact of the Oracle deal on TikTok users is a difficult question to answer at this point since we don’t have a full picture of what Oracle’s role will be,” said eMarketer analyst Debra Aho Williamson. “The biggest concern that TikTok users have is that the app that they love will continue to exist. That is their ground zero. They love TikTok so much

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