The White House is negotiating a deal for Oracle to take control of the Chinese-owned TikTok app. Currently, TikTok is unavailable in the US App Store on iPhones due to a recent ban. The app’s unavailability stems from the failure to transfer ownership to a US-based company before the imposed deadline.
Vero’s thoughts on the news:
The potential acquisition of TikTok by Oracle presents a significant shift in how data privacy and national security are approached for foreign-owned tech companies operating in the US. This move could set a precedent for stricter regulatory oversight and increased accountability. Furthermore, it may influence how app developers prioritize compliance with national security demands in their development pipelines. From the tech community’s perspective, this deal underscores the necessity of integrating robust data management practices to safeguard user privacy and meet legal requirements seamlessly.
Source: White House negotiating for Oracle to take control of TikTok, allowing the app to be unbanned – 9to5Mac
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