White House says Oracle would manage TikTok security for U.S. users if deal is approved
PositiveFinancial Markets

The White House has announced that Oracle would take charge of managing TikTok's security for U.S. users if a deal is finalized. This development is significant as it addresses ongoing concerns about data privacy and security related to the app, which is currently owned by the Beijing-based company ByteDance. By involving a trusted American tech firm, the administration aims to reassure users and regulators about the safety of their data, potentially paving the way for TikTok's continued operation in the U.S.
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