Donald Trump announced Saturday, September 14, 2024, that a deal has been reached too allow TikTok to remain in the United States, reversing course on previous efforts to ban the popular video-sharing app. The agreement, detailed by the former president during a press conference, involves Oracle taking ownership of TikTok.
The potential ban of TikTok has been a long-running saga, impacting over 170 million American users adn raising concerns about data privacy and national security. Previous attempts to force a sale or ban were met with legal challenges and delays,with deadlines extended multiple times. The latest deadline was set for December 16, 2024.
Initially,the Trump administration sought to compel ByteDance,TikTok’s Chinese parent company,to sell its U.S. operations in 2020, citing national security risks. A temporary ban briefly went into effect in January but was quickly delayed. Sence then, the deadline for a sale had been extended four times.
Trump stated that Oracle woudl be “a great company” to oversee TikTok, ensuring data security. Details of the new agreement are still emerging, but it appears to address concerns about user data being accessible to the Chinese government. The deal’s finalization and implementation will be closely watched by lawmakers, privacy advocates, and the tech industry.
