TIKTOK BAN
TIKTOK BAN 1. The Original Threat : Former President Donald Trump issued executive orders in August 2020 declaring TikTok (owned by Chinese company ByteDance) a national security threat. He ordered it banned from US app stores unless it was sold to American owners by specific deadlines (initially mid-September, then mid-November). NEWSBURNER360 2. The Proposed "Deal" : To avoid the ban, ByteDance negotiated a complex arrangement: * **Oracle** ( database company) would become TikTok's "trusted technology provider," handling US user data and security. * **Walmart** (retail giant) would take a significant commercial stake and handle e-commerce integration. * A new US-headquartered company called **"TikTok Global"** would be formed to ove...