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Sources: Oracle's bid for TikTok falls short of addressing Trump administration's national security concerns; a final decision has not yet been reached

Oracle Corp.'s bid for TikTok falls short of resolving concerns of Trump administration officials that the Chinese-owned video-sharing app poses …

Bloomberg

Discussion

  • @kaylatausche Kayla Tausche on x
    BREAKING: Pres. Trump says he's getting briefed on TikTok deal tomorrow morning — but that, to his dismay, there won't be a payment to US Treasury. “Amazingly, I find that we're not allowed to do that.”
  • @reuters @reuters on x
    Republican Senator Marco Rubio called on the Trump administration to reject a proposed deal for Oracle to become a ‘trusted technology provider’ for popular social media platform TikTok's U.S. operations if ties to current Chinese owner Bytedance remain https://www.reuters.com/..…
  • @yingzhi_yang Yingzhi Yang on x
    ByteDance told Chinese media a sale of TikTok operations or technologies is not included in the Oracle deal, a fresh attempt to appease the Chinese public as its founder was condemned by netizens that he kowtowed too early to Trump. @brendagoh_ https://www.reuters.com/...
  • @onlyyoontv Eunice Yoon on x
    ByteDance's proposed @tiktok_us deal with @Oracle will need approval from both #China and US officials, ByteDance said Thu. It also told Communist Party paper @globaltimesnews Thu a sale of TikTok's operations or technologies is not included in its plan. https://www.reuters.com/.…
  • @martijnrasser Martijn Rasser on x
    Growing pushback. Questions on data security. Ownership structure is problematic. Without control of algos and source code you can't prevent censorship and manipulation by CCP. https://www.bloomberg.com/...
  • @hshaban Hamza Shaban on x
    This is one of the glaring hypocrisies in the Trump-TikTok arrangement and underscores Oracle's political entanglements with Trump. Oracle merely partnering with TikTok doesn't further the stated objective of “protecting” national security. https://www.washingtonpost.com/ ... htt…
  • @modestproposal1 Modest Proposal on x
    Door is open for IBM now! https://twitter.com/...
  • @mollyjongfast Molly Jong-Fast on x
    The president has no idea how any of this works https://twitter.com/...
  • @billkuchman Bill Kuchman on x
    Welp, at least that whole TikTok security thing is fixed. https://twitter.com/...
  • @lanceulanoff Lance Ulanoff on x
    Oracle should've seen this coming https://twitter.com/...
  • @awealthofcs Ben Carlson on x
    The logical conclusion here is Kodak buys TikTok and a group of Robinhood traders are added to the board https://twitter.com/...
  • @jchengwsj Jonathan Cheng on x
    The Trump administration is pretty sure it would like American investors to have a majority share in whatever company takes over TikTok, though he also says he won't sign off on any plan until he is briefed again on Thursday. @MichaelCBender @johndmckinnon https://www.wsj.com/...
  • @michaelschuman Michael Schuman on x
    i don't see what ownership structure has to do with data security. A minority shareholder involved in an app's operation & management would still have access to data. https://www.wsj.com/...
  • @sritara Sridhar V on x
    Wow! Trump: “Conceptually, I can tell you, I don't like that (Oracle's deal with ByteDance for TikTok).” BTW, since when did Trump start thinking “conceptually”? Imponderables remain in deal as Trump marches into the China shop. https://www.wsj.com/...
  • @donie Donie O'Sullivan on x
    Big tech companies met today with the FBI, DHS, DNI, and DOJ to talk election security threats. Long list of companies present — notably absent, a platform used by millions of Americans: TIKTOK. https://twitter.com/...
  • @zackwhittaker Zack Whittaker on x
    And after all that... https://www.bloomberg.com/...
  • @salehamohsin Saleha Mohsin on x
    Kushner, when asked a out TikTok on Fox Business: “If the president doesn't like a deal, he won't be afraid to walk away from it.” https://www.bloomberg.com/...
  • @baekdal Thomas Baekdal on x
    Let's not forget that the whole thing is insane. The fact that the US president said: “You must sell your company to us, or we will do bad things to you” ... that's the mafia behavior. This whole thing is an illegal act, and we should condemn this in any shape or form. https://tw…
  • @msnabilaahmed Nabila Ahmed on x
    New: Oracle's bid for TikTok falls short of resolving concerns of Trump administration officials that the Chinese-owned video-sharing app poses a risk to U.S. national security. ⁦@SalehaMohsin⁩ ⁦⁦@nwadhams⁩ ⁦@JenniferJJacobs⁩ https://www.bloomberg.com/...
  • @kevinakwok Kevin Kwok on x
    Given 2020 logic I can only assume this ends with Snowflake buying TikTok https://twitter.com/...
  • @ceciliakang Cecilia Kang on x
    Where are we in this? Cannot keep track: https://www.reuters.com/...
  • @quinnypig HydroxyCoreyQuinn on x
    “Step 2: the mother of all software patent lawsuits” https://twitter.com/...
  • @edourdoo Eddie Du on x
    Oracle will be able to check all source code from the algorithms that decide which TikTok videos get shown to which U.S. users to ensure there are no entry points for the Chinese parent. https://www.bloomberg.com/...
  • @geoffreygertz Geoffrey Gertz on x
    What's most striking to me is that, based on TikTok's legal filing in their suit against the Trump admin, we know that in previous negotiations with CFIUS TikTok already proposed something similar to the Oracle deal and CFIUS said no, had to be divestment. So what's changed now? …
  • @_danielsinclair Daniel Sinclair on x
    The latest proposal: • cloud contract • newly formed entity • independent board approved by U.S. gov • third party auditing • full access to TikTok's client-side source code • ongoing review & auditing of updates • algorithm source code review https://www.bloomberg.com/...
  • @andrewbecknyc Andrew Beck on x
    Knowing Oracles devs from using a CUNY system... get a third party firm to do the audit. https://twitter.com/...