U.S. cloud company Oracle will oversee the code and security of TikTok, a senior White House official said on Sept. 22.
President Donald Trump is set to sign an executive order this week that will extend the TikTok divestiture deadline for 120 days, by the end of which the administration expects the joint venture deal for TikTok to be concluded.
A law went into effect last year requiring China-based ByteDance to divest itself of the popular social media app or cease operations, setting off a countdown for divestment with a deadline that began just before Trump took office and that has been extended multiple times….
Oracle to Retrain TikTok Algorithm Under New US Ownership
