Sale Of TikTok's Operations To The USA Stopped

The sale plan for the social media platform TikTok’s operations in the USA to Oracle Corp and Walmart Inc was stopped.

The sales of the activities of the Chinese-based social media platform TikTok to the USA were stopped. US officials reported that they shelved plans to sell the platform's management activities in the country to Oracle Corp. and Walmart Inc. US President Joe Biden takes a comprehensive look at the potential risk security of tech companies. In this context, US officials stated that TikTok's plans to sell management activities in the country to Oracle and Walmart have been shelved indefinitely. According to the news compiled by Bloomberg, the talks are still ongoing between the representatives of ByteDance company, which owns the TikTok application, and the US national security officials. In these meetings, it was stated that the focus was on how the Chinese government could be prevented to access the information of TikTok users in the USA. Commenting on the issue, National Security Council spokesperson Emily Horne said, "We plan to develop a comprehensive approach that addresses all the threats we face. In the coming months, we hope to review specific cases of the risks we face," adding that these threats include risks posed by Chinese applications and other software used in the US.   Trump's Decision Was Suspended Donald Trump banned the use of the Chinese-based social media platform TikTok when he was president of the United States, but shortly before the decision took effect, a federal court in Washington DC decided to temporarily suspend the ban. Later, Trump announced that he would sign a possible agreement to sell TikTok's operations in the US to Oracle Corp and Walmart Inc. Following these statements, the US Department of Commerce postponed the TikTok ban, which was planned to be put into effect on September 20, until September 27.