IS ORACLE BUYING TIKTOK? If yes, what does this mean for Trump's TikTok ban? We will tell you in this video!

Oracle's bid was chosen by ByteDance, the Chinese owner of TikTok, to become the new technology partner for the US market. This deal will make Oracle the party that manages TikTok's user data for the American, Canadian and Australian market, and Oracle will acquire get a significant minority stake in TikTok.

The reason for this entire matter is that specialists are afraid about the security of TikTok's userdata -- since TikTok is owned by Chinese company ByteDance and Chinese companies are legally obliged to accept any data requests from the Chinese government, this means that data of American users could reach the Chinese government.

US President Donald Trump forced ByteDance/TikTok to either repair the situation, or be banned in the US from November 12, 2020 on. Since a deal has apparently been reached before that date, TikTok WILL NOT be banned in the US -- however, it could temporarily be out of US app stores if the deal is not closed before September 20.

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0:00 Intro
0:40 TikTok History
2:24 Current Situation
7:52 Summary and Prediction

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