TikTok is offering concessions to the White House to get a pact in place to shepherd U.S. user data. Will President Biden take the deal?
oracle
- Montana’s attempt to ban TikTok is facing multiple legal challenges
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TikTok has reportedly spent $1.5 billion to set up the team that will shepherd U.S. user data
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President Biden is working with TikTok so that the app can continue to operate in the U.S.
President Biden and the Justice Department are working with TikTok to find a path the app can use to continue operating in the U.S.
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Rumored deal would store U.S. TikTok data on Oracle servers
If the deal goes through, Oracle will become the custodian of TikTok data in the U.S., rather than Bytedance.
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