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ByteDance faces pushback from Donald Trump on becoming TikTok’s majority owner

ByteDance faces pushback from Donald Trump on becoming TikTok’s majority owner

After President Trump’s announcement of TikTok ban the Chinese company ByteDance, current majority owner of TikTok, comes forward with a new offer to partner with the U.S. company Oracle. The offer is stated to need the approval of Beijing, however ByteDance is unsure whether or not the deal will pass, as they will retain majority ownership of TikTok. President Trump stated ’I don’t like that.’

Dracovius27
Dracovius27
Dracovius27
Dracovius27 0 months

Personally if it were me in the President’s shoes I don’t think I would like this either, being how intrusive of an app TikTok is to gather information to target ads/vids at it’s users. Not to mention China would retain their majority ownership in this deal. Being considered a ‘trusted’ company would mean nothing if they held a minority and couldn’t do anything to get rid of the intrusive nature of the app.

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