Discussion

• @huxijin_gt @huxijin_gt on x

  Based on what I know, Beijing won't approve current agreement between ByteDance, TikTok's parent company, and Oracle, Walmart, because the agreement would endanger China's national security, interests and dignity.

• @jenniferjjacobs Jennifer Jacobs on x

  The companies have agreed to terms with Trump for new TikTok Global to give $5 billion to an education foundation that will be established, sources tell me. Trump told press: “They're going to be setting up a very large fund...That's their contribution that I've been asking for.”

• @huxijin_gt @huxijin_gt on x

  The US restructuring of TikTok's stake and actual control should be used as a model and promoted globally. Overseas operation of companies such as Google, Facebook shall all undergo such restructure and be under actual control of local companies for security concerns.

• @michaelcrowley Michael Crowley on x

  Great kicker and very revealing of how the TikTok deal seems to have gone down: https://www.nytimes.com/... https://twitter.com/...

• @zhonggg Raymond Zhong on x

  ByteDance confirms that there is no transfer of algorithms or technology in the current deal. “Oracle has the authority to conduct security checks of TikTok U.S.'s source code.” https://mp.weixin.qq.com/... https://twitter.com/...

• @evleaks Evan Blass on x

  The success of TikTok - a Chinese-owned company doing the majority of its business outside of China - was always going to be problematic. W/ the primary stakeholders in the alleged “deal” unable to even sync their messaging, sounds like it will fall apart. https://www.nytimes.com…

• @lanceulanoff Lance Ulanoff on x

  So close and yet so far. Doesn't the President have more important things to do? https://www.nytimes.com/...

• @jenzhuscott Jen Zhu on x

  Imagine you were the VP engineering at TikTok and you now have to tell your engineers they are migrating from AWS to Microsoft Azure and Oracle cloud. https://twitter.com/...

• @karaswisher Kara Swisher on x

  Ahaha. Not funny tho https://twitter.com/...

• @b_fung Brian Fung on x

  Where the parties seem aligned is that ByteDance's founder Zhang Yiming is likely to serve as a member of the board of TikTok Global. But this ownership thing is still messy and seems unsettled based on the various companies' public statements.

• @eringriffith Erin Griffith on x

  today the president said he would not approve a deal if bytedance is a majority owner... Except he has *already* approved this deal and it does not appear that the terms have changed. https://www.nytimes.com/...

• @benyt Ben Smith on x

  Massive, politicized cloud contracts to Microsoft and Oracle may be the true, multi-billion dollar cost Bezos is paying for buying the Washington Post https://www.nytimes.com/...

• @jimpethokoukis James Pethokoukis on x

  “Economic statists may cheer all this, but it sure looks to all the world like U.S. government meddling that rewarded political allies.” https://www.wsj.com/...

• @stevesi Steven Sinofsky on x

  Shocking if BD confirmed without an understanding of approval. https://twitter.com/...

• @sherman4949 Alex Sherman on x

  Oracle statement seemingly supporting this: “Upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global.” https://…

• @nytpolitics @nytpolitics on x

  The agreement for the social media app does not deliver on President Trump's original demand of a full sale of TikTok and it does not eliminate China from the mix https://www.nytimes.com/...

• @jarrettblanc Jarrett Blanc on x

  Tough on China (tm) again the opposite of doing things that are tough on China. It's hard to compete if, like @realDonaldTrump, you think that your most important strengths are weaknesses and so constantly look to attack them. https://twitter.com/...

• @chifedr Dr Aloy Chife on x

  At the end of the day, this is what it boils down to - a free for all https://twitter.com/...

• @eringriffith Erin Griffith on x

  Every day a new layer of absurdity with TikTok https://www.nytimes.com/...

• @pranavdixit @pranavdixit on x

  President Trump on Monday said that he would not approve a deal for TikTok if its Chinese owner did not fully sell its interest in the product, a move that would scuttle an arrangement that was expected to help the app avoid a federal ban. https://www.nytimes.com/...

• @nytimestech @nytimestech on x

  The back and forth underscores how fluid the deal remains and that — despite President Trump's comments Saturday that he had given the deal his “blessing” — TikTok could still fail to satisfy the government's national security concerns.https://www.nytimes.com/ ...

• @puiwingtam Pui-Wing Tam on x

  Welp this ownership consortium for TikTok Global is going to get along swimmingly https://twitter.com/...

• @shiraovide Shira Ovide on x

  {DEEP SIGH.} https://twitter.com/...

• @nytimestech @nytimestech on x

  Even as President Trump claimed victory with a deal for TikTok, it did not appear to deliver on some of his original promises. https://www.nytimes.com/...

• @josh_wingrove Josh Wingrove on x

  Trump is celebrating a deal that meets almost none of his original criteria: https://twitter.com/...

• @eugenewei Eugene Wei on x

  I guess TikTok may turn out to be a propaganda weapon after all. https://finance.yahoo.com/... https://twitter.com/...

• @sherman4949 Alex Sherman on x

  Nice try, Walmart, but you're still easier to understand than Oracle. https://twitter.com/... https://twitter.com/...

• @annmarie Annmarie Hordern on x

  The thing that makes TikTok TikTok — the algorithm itself— will still belong to ByteDance, so national security concerns remain, according to experts. By @nwadhams @sbanjo https://www.bloomberg.com/...

• @taylorlorenz Taylor Lorenz on x

  Oracle CEO Safra Catz was a member of President Trump's transition team, and Oracle Chairman Larry Ellison threw a fundraising event for Trump earlier this year. https://www.cnbc.com/...

• @robertpricetv Robert Price on x

  “TikTok Global will likely be headquartered in Texas and has said it will hire as many as 25,000 people, Trump said.” https://twitter.com/...

• @karaswisher Kara Swisher on x

  The weird political back-scratching shakedown we all assumed. Moving HQ of the media heavy app from the creative center in Culver City, CA to Texas would be the oily cherry on this rancid cake that still prolly does not protect us from Chinese surveillance https://www.nytimes.com…

• @jenniferjjacobs Jennifer Jacobs on x

  TRUMP wants the $5 billion from the Tiktok Global deal to pay for “patriotic education” via his envisioned “1776 Commission.”

• @edmundlee Edmund Lee on x

  The PR subterfuge in the @tiktok_us deal is astounding ... @Oracle openly contradicting @BytedanceTalk, saying in a statement that Americans will control the app (per Trump's pronouncements), whole ByteDance's statement (in Chinese) says the exact opposite

• @stokel Chris Stokel-Walker on x

  Hello: I can already see we're going to have some fun conversations around ownership of TikTok Global today. I can also see I'm going to have to break out the org chart again. Here's how Oracle can say ByteDance won't own TikTok Global while it will: ByteDance owns TikTok LLC htt…

• @danprimack Dan Primack on x

  Trump tells Fox & Friends that Oracle and Walmart will have controlling interest in TikTok. Honestly don't know if he's lying or if he really doesn't understand the deal structure.

• @levie Aaron Levie on x

  Definitely a best practice to announce a deal before the other side has agreed to it. https://twitter.com/...

• @pingroma Zheping Huang on x

  Take that, Trump: ByteDance stressed in a Chinese-language statement it will remain in control of a hived-off TikTok Global business. Says $5b tax payment is just an estimate, and has nothing to do with the deal. https://www.bloomberg.com/...

• @jenniferjjacobs Jennifer Jacobs on x

  NEWS: Trump wants $5 billion from companies creating a new U.S.-based TikTok venture directed toward teaching American children “real history, not the fake history.” Story by me, @MarioDParker @josh_wingrove https://www.bloomberg.com/...

• @grahambrookie Graham Brookie on x

  So much in this deal that is an unmitigated disaster. In sum, Trump made demands of private industry that benefited his political allies using the smokescreen of a real national security issue and the powers of the Executive Branch, *and* he got played by China while doing it. ht…

• @pt Parker on x

  @rabois By even engaging in this process, we've ceded any ability to pressure them to open their markets in the future and validated the China Model of centralized economic planning is correct, even for the US. Huge PR win for Chinese Communism at home & potentially here.

• @justinbrookman Justin Brookman on x

  If Walmart, Oracle, and TikTok cannot agree on even the most rudimentary aspects of the deal, can we really call it a deal? https://www.ft.com/...

• @chrisfralic Chris Fralic on x

  Unprecedented, and perhaps the new precedent for US companies abroad. #ArtOfTheDeal https://twitter.com/...

• @stengel Richard Stengel on x

  What a surprise. Trump's TikTok deal is as phony as the gold on his buildings. Chinese shareholders will still own the majority of the new company. No change in security. And the $5 billion education fund? Just made up. #Vote https://www.axios.com/...

• @jesselehrich Jesse Lehrich on x

  “The new deal to rescue TikTok from a threatened US ban - full of provisions aimed at creating the temporary appearance of a presidential win - looks like a sort of Potemkin village agreement.” https://www.axios.com/...

• @pt Parker on x

  @rabois The free market response would be policies that apply to all companies around algorithmic transparency and data security that made business ownership or control of one company's algorithm irrelevant.

• @benyt Ben Smith on x

  The investigations into this one are going to be fascinating https://twitter.com/...

• @jason_kint Jason Kint on x

  Fun coincidence. $5 billion also the same amount that Facebook arbitrarily had to pay in order to cover-up its cover-ups and avoid executives being deposed. https://twitter.com/...

• @dangillmor Dan Gillmor on x

  In other words, the $5 billion is a bribe. Follow the money, journalists (and House Democrats if you choose to re-awaken). https://twitter.com/...

• @chrisharihar Chris Harihar on x

  Trump tried to present a tough cyber security image here but really gifted Biden a good talking point on the admin's use of marketing over substance. He just has to take advantage of it. https://twitter.com/...

• @danprimack Dan Primack on x

  New Oracle statement: “ByteDance will have no ownership in TikTok Global.” That said... ByteDance shareholders, including its CEO employees, will have a stake.

• @sherman4949 Alex Sherman on x

  So the ownership of TikTok Global will be, according to a person familiar with the matter: Oracle - 12.5% Walmart - 7.5% ByteDance - 80% ... But 40% of ByteDance's ownership is US venture capital funding. That's how the Trump admin is calculating this deal as “majority US $”

• @arjunkharpal Arjun Kharpal on x

  Trump says TikTok-Oracle deal is “nothing to do with China.” Today, Beijing-based ByteDance said: - It will have 80% stake in new TikTok Global - No transfer of algorithm to Oracle - $5 billion taxes just a “forecast” and depends on biz performance https://www.cnbc.com/...

• @therecount @therecount on x

  Trump gave his “blessing” on a deal that would avert the shutdown of TikTok, but does it actually address any of the national security concerns he set out to solve? https://twitter.com/...

• @carnage4life Dare Obasanjo on x

  Two trends worth watching 1. America is increasingly threatened and taking action against innovative Chinese tech companies (TikTok, Huawei) 2. Chinese foreign student enrollment has fallen off a cliff over past 4 years. https://techcrunch.com/...

• @mattk Matt on x

  Result of not funding fundamental research and disincentivizing immigration. https://twitter.com/...

• @chrisonchris Chris Spargo on x

  The companies headed by Trump mega donors Larry Ellison and Jim Walton https://twitter.com/...

• @lorakolodny Lora Kolodny on x

  Oracle as TikTok stakeholder and cloud vendor means Larry Ellison, Tesla board member, will have influence on and access to TikTok in new ways. Tesla is masterful at don't-call-it-advertising. I expect Tesla promotional Tiktoks to ramp up.https://www.cnbc.com/...