TikTok Ban Averted: Trump Gives Oracle-Walmart Deal His 'Blessing

For the past few weeks, there has been much discussion over TikTok and whether it's getting banned or not. The Trump administration feels the app is not safe because of national security concerns. They fear the Chinese authoritarian regime can access data from Americans via the app. However, this past weekend Oracle and Walmart announced they will form a new entity called TikTok Global; thus, keeping the app open to Americans. This will benefit both companies due to predictions of their sales going on. ByteDance is still predicted to owe 80% of the app still but Trump signed an order in August to completely divest from TikTok operations by November 12th. 

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Kimberly Nunez