If you or anyone you know uses Tik Tok, you probably know the threatened ban never did go into effect.
“The proposed ban would become unnecessary if China, the US Department of the Treasury, and the White House all agree to approve Oracle’s proposed investment in TikTok. Oracle is not offering to buy TikTok in that deal, but instead would take over cloud hosting services as TikTok’s “trusted technology partner” and take a 12.5-percent stake in a newly formed spinoff company, TikTok Global.
The fate of that transaction, however, is very much unknown. Oracle and ByteDance don’t seem to agree on who will hold majority control of the new company after the proposed deal is complete. Trump has threatened to withdraw his approval if he does not find that US, rather than Chinese, investors end up with sufficient control of TikTok. Editorials in several Chinese state-run media outlets over the past week have also expressed opposition to the transaction, calling it a ‘dirty and underhanded trick.’”
What do we think of this potential ban and the ongoing conversations around it? Is it important to handle right now? Is the possibility of the threat of data collection by Chinese tech companies larger than the other conversations today surrounding the election, BLM, police training/funding, and COVID?