TikTok not bought by anyone

dex4974 said:

TikTok is that thing all of the 14 year old girls are hyped about right now, yes?

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joluoto said:

ByteDance's time to sell TikTok ran out September 15. As of this day they have not sold TikTok. They have some agreement with Oracle but that doesn't seem to mean anything, and the EO by the POTUS did specify that ByteDance has to sell TikTok in the United States.
Oracle’s TikTok deal accomplishes nothing - The Verge

The President doesn't seem to care anymore, possibly because Oracle's owner is a friend and supporter of him. Considering none of the security conserns seem to be answered at all, let's hope the Treasury Department still blocks this. All in all it does seem TikTok is having the last laugh.

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joluoto said:

ByteDance's time to sell TikTok ran out September 15. As of this day they have not sold TikTok. They have some agreement with Oracle but that doesn't seem to mean anything, and the EO by the POTUS did specify that ByteDance has to sell TikTok in the United States.
Oracle’s TikTok deal accomplishes nothing - The Verge

The President doesn't seem to care anymore, possibly because Oracle's owner is a friend and supporter of him. Considering none of the security conserns seem to be answered at all, let's hope the Treasury Department still blocks this. All in all it does seem TikTok is having the last laugh.

Click to expand...

resident Trump told reporters on Wednesday that he was not ready to approve a proposal from Chinese company ByteDance that would make Oracle a technology provider for ByteDance’s popular video-sharing app TikTok. ByteDance submitted a proposal to the Treasury Department over the weekend and is awaiting a response.

It must be “100% as far as national security is concerned,” said Trump, adding that he would have to see the deal first before signing off on it. He said he would receive a report on Thursday morning.

Trump’s stance adds complexity to a possible arrangement that could resolve a political disagreement between the U.S. and China, after Trump had taken steps to ban the app or have its U.S. operations transferred to a U.S. company.

President Trump said the U.S. government had been looking into the possibility of accepting a payment as part of a transaction.

“Amazingly I find that you’re not allowed to do that,” Trump said, referring to the idea of receiving “key money” for broker a deal, which he first proposed last month. “I said, ‘What kind of a thing is this?’ If they’re willing to make big payments to the government, they’re not allowed because there’s no way of doing that from a — there’s no legal path to do that.”

Click to expand...

joluoto said:

ByteDance's time to sell TikTok ran out September 15. As of this day they have not sold TikTok. They have some agreement with Oracle but that doesn't seem to mean anything, and the EO by the POTUS did specify that ByteDance has to sell TikTok in the United States.
Oracle’s TikTok deal accomplishes nothing - The Verge

The President doesn't seem to care anymore, possibly because Oracle's owner is a friend and supporter of him. Considering none of the security conserns seem to be answered at all, let's hope the Treasury Department still blocks this. All in all it does seem TikTok is having the last laugh.

Click to expand...