Oracle confirms it is part of a proposal submitted by ByteDance to the US Treasury to become TikTok's “trusted technology provider”
Jordan Novet / CNBC :
CNBC Jordan Novet
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Discussion
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@alexstamos
Alex Stamos
on x
A deal where Oracle takes over hosting without source code and significant operational changes would not address any of the legitimate concerns about TikTok, and the White House accepting such a deal would demonstrate that this exercise was pure grift. https://twitter.com/...
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@jolingkent
Jo Ling Kent
on x
NEWS: A source directly familiar with the deal tells me that Oracle has been chosen to acquire TikTok US as the technology partner.
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@parkermolloy
Parker Molloy
on x
Probably just a coincidence, I'm sure https://twitter.com/...
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@superwuster
Tim Wu
on x
If the US wanted to do something about Chinese state influence over TikTok, it should actually do something, not accept some kind of “Oracle partnership.” How about an IPO? https://www.theverge.com/...
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@cgtnamerica
CGTN America
on x
Oracle has reportedly won the bid for #TikTok in U.S., beating Microsoft. But CGTN learned from its sources that TikTok's algorithm is not for sale. “The car can be sold, but not the engine” people familiar with the matter said. https://news.cgtn.com/...
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@suntimes
@suntimes
on x
Microsoft announced Sunday that its bid to buy TikTok has been rejected, removing a leading suitor for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the U.S. https://chicago.suntimes.com/ ...
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@keithboykin
Keith Boykin
on x
And he's definitely the most corrupt president in American history. https://twitter.com/...
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@reutersindia
@reutersindia
on x
WATCH: Under their proposed deal, Oracle will be ByteDance's technology partner and will manage TikTok's U.S. user data https://www.reuters.com/... $ORCL https://twitter.com/...
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@tomgara
Tom Gara
on x
WSJ on how Oracle got involved in the TikTok deal: TikTok's big investors “went in search of a tech company with close ties to the administra tion and settled on Oracle” https://www.wsj.com/...
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@danprimack
Dan Primack
on x
If Oracle/ByteDance are pledging that they'd create lots of U.S. jobs... that reflects how they view the WH objections as more political than about national security.
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@danprimack
Dan Primack
on x
Oracle didn't beat Microsoft to buy TikTok. Because “trusted tech partner” isn't the same as buying anything. No one is buying TikTok.
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@naterockquarry
Nathan Quarry
on x
The corruption is right in front of us at least. They aren't even trying to hide it. https://twitter.com/...
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@sherman4949
Alex Sherman
on x
“...TikTok for connection and entertainment, as well as the hundreds of thousands of small business owners and creators who rely upon TikTok to grow their livelihoods and build meaningful careers.”
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@sherman4949
Alex Sherman
on x
Full TikTok statement: “We can confirm that we've submitted a proposal to the Treasury Department which we believe would resolve the Administration's security concerns. This proposal would enable us to continue supporting our community of 100 million people in the US who love 1/2
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@alexeheath
Alex Heath
on x
TikTok/ByteDance confirms it has submitted a deal proposal (Oracle) to the treasury for review. New company statement: https://twitter.com/...
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@bloombergquint
@bloombergquint
on x
Oracle is said to gain an advantage in a deal for TikTok in the U.S. https://www.bloombergquint.com/ ...
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@ferrotv
Jonathan Ferro
on x
This is looking more like the kind of partnership/deal China pushed on foreign companies to gain access to the mainland. After decades of hoping/expecting China will become more like the US, elements of US biz are arguably taking on Chinese characteristics. https://twitter.com/..…
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@stevesi
Steven Sinofsky
on x
Many are underestimating the profitability for when TikTok moves to per processor viewing. Also in the works will be maintenance fees for videos.
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@backlon
Dieter Bohn
on x
Yep, @russellbrandom has it right. This is theater. https://www.theverge.com/...
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@russellbrandom
Russell Brandom
on x
It's hard to see how Oracle's TikTok deal addresses any of the national security concerns around TikTok https://www.theverge.com/...
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@jivedurkey
J.D. Durkin
on x
it's almost as if the pressure from the White House on TikTok was never about national security to begin with https://www.theverge.com/...
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@manan
@manan
on x
trusted tech provider means an IT MSP? Also, Oracle is so going to campuses to hire people to “work on TikTok” and then staff them on OIM customer support 😂 https://twitter.com/...
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@megancgraham
Meg Graham
on x
Oracle confirms it has struck a deal with TikTok owner ByteDance weeks after the Trump Administration ordered a TikTok divestiture in the U.S. The deal proposal still needs to be approved by the U.S. government. https://www.cnbc.com/...
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@thedextriarchy
Adi Robertson
on x
Oracle's ByteDance deal basically just slammed a bus into any good-faith debate over TikTok and national security https://www.theverge.com/...
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@mattnavarra
Matt Navarra
on x
Most experts seem to be saying the same thing... Oracle's TikTok deal does very little to address the issues Trump made such a fuss about https://www.theverge.com/...
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@karlbode
Karl Bode
on x
this entire thing has been just the dumbest bullshit https://twitter.com/...
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@mattyglesias
Matthew Yglesias
on x
Tik Tok ending up in Oracle's hands via an opaque process is a great example of how Trump's preference for irregular modes of conducting governance (there was bipartisan support in congress for a move, no reason he couldn't have used proper channels) is a corrupting influence.
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@hawleymo
Josh Hawley
on x
If true, the #TikTok platform must be rebuilt from top to bottom and all backdoors to #Beijing closed https://twitter.com/...
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@levie
Aaron Levie
on x
Sure, it seems unusual to have Oracle run TikTok. But who will have the last laugh when the TikTok influencers start recommending HR and Finance systems in all their videos.
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@tomgara
Tom Gara
on x
Oracle is basically becoming one of those Saudi royal family members who you need to sign up as your “local partner” if you want to open a Toyota dealership there https://twitter.com/...
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@danprimack
Dan Primack
on x
And this points to the rhetorical gymnastics the WH is gonna have to go through in order to accept what most people think is coming. https://twitter.com/...