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White House Considers Oracle-Led Takeover of TikTok with U.S. Investors

The Trump administration is reportedly developing a plan to avert a US TikTok ban. The plan involves Oracle, a group of private investors and TikTok’s parent company, ByteDance, maintaining a minority stake. Oracle would be responsible for key operations including data collection, software updates and managing algorithms. The structure would ensure the majority stake in TikTok is US-based, addressing national security concerns about possible Chinese government access to user data.

Source: gbhackers.com –

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