The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the app's global operations, two sources with
Politico White House journalists contrasted former President Biden with President Donald Trump regarding how their administrations have addressed the press.
"It is a stunt, and we see no reason for TikTok or other companies to take actions in the next few days before the Trump Administration takes office on Monday," White House Press Secretary Karine ...
"TikTok should remain available to Americans, but simply under American ownership or other ownership that addresses the national security concerns identified by Congress in developing this law," the White House said in a statement.
Others who have reportedly considered buying TikTok include Elon Musk, real estate billionaire Frank McCourt, and Shark Tank host Kevin O’Leary. Trump recently said he would like Larry Ellison, who co-founded Oracle, to buy the platform.
Content creator Jimmy Donaldson, known on the Internet as MrBeast, has made it clear he is interested in buying TikTok. Donaldson has the most subscribers of any user on YouTube— over 340 million—and boasts over 113 million TikTok followers.
WASHINGTON >> The Trump administration is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app’s global operations,
There were 36 hours of mad frenzy as TikTok executives and lawyers sought and failed to get a last-minute reprieve from Biden — and then landed one from Trump.
Under the deal being negotiated by the White House, TikTok's China-based owner, ByteDance, would retain a stake in the company, but data collection and software updates would be overseen by Oracle ...
White House Press Secretary Karine Jean-Pierre called TikTok’s threat to “go dark” on Sunday, January 19th, a “stunt” and said there is no reason for TikTok to shut itself down before President-elect Donald Trump is sworn in on the 20th.