Trump describes Tiktok as a security risk on the grounds that Chinese authorities could get data from Americans. Tiktok and Bytedance deny this. Microsoft spent weeks negotiating the purchase of the Tiktok business in the United States, Canada, New Zealand, and Australia.
However, the Chinese government torpedoed this solution with a new rule according to which software algorithms such as those from Tiktok can only be sold abroad with their approval. Then the new plan was worked out with the participation of Oracle. According to media reports, Oracle should take over the storage of data from US users - and also get access to Tiktok's software code. This should ensure that the platform does not contain any backdoors for Chinese authorities. In addition, according to the plan, Tiktok's global business will be bundled in a new company based in the United States, it said.