steven36 Posted September 20, 2020 Share Posted September 20, 2020 US President Donald Trump says he's approved the agreement "in concept," according to a report. The deal would create a company called TikTok Global, and China's government would also need to sign off. President Donald Trump said Saturday that he has OK'd "in concept" a deal for Oracle to acquire the US operations of popular video app TikTok, says a Bloomberg report. Trump had earlier cited national security concerns in issuing a pair of executive orders that say TikTok will be banned in the states unless such a deal goes through. A ban on US downloads of the app is set to go into effect Sunday. The Trump administration has said it's concerned about the TikTok app because the app collects data on its US users and TikTok's parent company, ByteDance -- a Chinese firm -- could be compelled by China's communist government to share that information. TikTok has repeatedly said such concerns are baseless. On his way to a campaign rally in North Carolina, Trump told reporters that he had given the TikTok-Oracle deal "my blessing," Bloomberg reported. For the deal to be finalized, China's government would have to sign off on it, the news outlet noted, adding that Chinese officials have indicated that the government is willing to approve an agreement, so long as ByteDance doesn't have to give up the artificial intelligence algorithms behind the TikTok app. The agreement has Bytedance retaining a majority of TikTok's assets and control over the app's algorithm, and Oracle and other US investors taking minority stakes, Bloomberg said. "Oracle will get full access to review TikTok's source code and updates to make sure there are no back doors used by the company's Chinese parent to gather data or to spy on the video-sharing app's 100 million American users," Bloomberg reported, citing information from unnamed sources. On Friday, Trump told Oracle Chairman Larry Ellison that he still expects the US government to get a cash payment as part of the sale, Bloomberg reported, adding that it's unclear how that would come about. A TikTok spokesperson said in a statement that TikTok is pleased the deal "will resolve the security concerns of the US Administration and settle questions around TikTok's future in the US." "As part of this proposal, Oracle will become our trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied," the spokesperson said. "We are currently working with Walmart on a commercial partnership as well. Both companies will take part in a TikTok Global pre-IPO financing round in which they can take up to a 20% cumulative stake in the company. We will also maintain and expand TikTok Global's headquarters in the US, while bringing 25,000 jobs across the country." Oracle CEO Safra Catz said in a statement that Oracle "will quickly deploy, rapidly scale, and operate TikTok systems in the Oracle Cloud. We are a hundred percent confident in our ability to deliver a highly secure environment to TikTok and ensure data privacy to TikTok's American users, and users throughout the world. This greatly improved security and guaranteed privacy will enable the continued rapid growth of the TikTok user community to benefit all stakeholders." The White House didn't immediately respond to a request for comment. Source Link to comment Share on other sites More sharing options...
virge Posted September 20, 2020 Share Posted September 20, 2020 I would never install that app on any device, do not trust it. Link to comment Share on other sites More sharing options...
mp68terr Posted September 20, 2020 Share Posted September 20, 2020 Same goes for many other apps. The difference is who is spying, who is collecting data on users. Link to comment Share on other sites More sharing options...
Novak Gregor Posted September 20, 2020 Share Posted September 20, 2020 29 minutes ago, mp68terr said: Same goes for many other apps. The difference is who is spying, who is collecting data on users. Exactly! TikTok gives the info to the Chinese government, Twitter, Instagram, Facebook, YouTube...to the US government. if you don't wanna be spied upon, don't use social media apps. Link to comment Share on other sites More sharing options...
steven36 Posted September 20, 2020 Author Share Posted September 20, 2020 3 hours ago, Novak Gregor said: If you don't wanna be spied upon, don't use social media apps. I dont but still regardless if you use them or not if you sign in to a smartphone or windows services your being spied on. Germany ban Office 365 in schools before on the same grounds the US forcing TIKTOC to store it's data in a USA owned cloud provider . China dont allow there people to access any USA sites were the data is stored in the USA also thy block other countries . Any USA owned sites in China the data is stored in China and the sites have to obey there laws like hand over data to Goverment . Its not just a social media problem. They collect data from were ever millions of people are . The USA having access to your data is nothing new. 98 percent of PRISM production was based on Yahoo, Google, and Microsoft". Yahoo is no longer any value much to NSA like TIKTOC is. It's USA law now Trump can try to take credit for brownie points if he wants but its law now if a service not from the USA has access to millions of people from the USA data it has to be investigated by the feds . Just most of the time its not done in the public like this TICTOK thing was but it happens right often. They mostly overlook other 5 eyes countries because they share data with each other like UK owned Snap Chat. But really how valuable is a bunch of teenagers singing data ? Since most TICTOK users are underage there data is a concern . Google got sued for spying on kids and are still being sued . But they turn a blind eye to Snap Chat and from what i read about it and see on open sites it used for really bad stuff. The US took action against Google harvesting kids data also they take action against anything from China that can harvest millions of people from the USA data , It not the point China collects data, the point is the USA Govt and China Govt dont share data with each other they have to steal it to get it . So you think the USA is going keep letting them have it without a agreement? 5 eyes they all share lots of data with each other. But most countries share data with the USA to some degree Five Eyes, Nine Eyes, and 14 Eyes. But they dont have no idea with what China does with your data . That what all closed source apps are there Trustware you have to trust were the data is stored , also you have to trust whoever have access to the apps source code to not put in any backdoors or not allow someone else to do it, In this case that what Oracle job will be. But there is no way to really know what the hell they doing .So you just have to trust them are not not use it . OpenSource is not trustware anybody can read the code to see do it have a backdoor and it can easliy be removed in a update and you know if it still exist or not. When i chat online in private i use a open source XMPP server with no logs not in the USA with open source encryption set up in open source chat software . If i dont trust a site i use Tor Browser + VPN like reddit. But sites like Microsoft , Google ,Facebook and Twitter i dont sign into because they want a phone # so they can track you . On a smartphone they already have your number if you use there services . I use to get around Google on Linux with a id i made up with a vpn but anymore it ask for phone number so i stop signing in again . All the stuff i had before i used VPNs from before 2012 i deleted in 2012 . Facebook , Google and Yahoo, Facebook , Microsoft , Google all of them will want a phone number if you dont let them track your real ip. Link to comment Share on other sites More sharing options...
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