TikTok: Trump says Oracle deal for video app 'has my blessing'
President Donald Trump had threatened to ban the app in the US unless a satisfactory deal was struck
TikTok's owner, ByteDance, has denied accusations that it is controlled by or shares data with China's ruling Communist Party. President Trump's support for the deal comes days after his administration said it would bar people in the US from downloading TikTok through any app store from Sunday. Oracle and Walmart are expected to take significant stakes in the company, and ByteDance has agreed to security safeguards on the data of US users. TikTok's data would be stored by Oracle, which would have the right to inspect its source code.President Trump said the new TikTok company will be"totally controlled by Oracle and Walmart".TikTok is a video-sharing app. Users can post up to a minute of video and have access to a vast database of songs and filters.
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