As the discussion over TikTok’s future heats up, President Trump recently addressed the expanding list of potential purchasers for the popular app. As the bidding war heated up, Trump indicated his support, adding, “That’s a good thing.” Leading contenders include Microsoft, Oracle founder Larry Ellison, and perhaps Elon Musk. While Microsoft has been silent on the negotiations, CEO Satya Nadella emerged as a viable possibility in 2020, when Trump first sought to ban TikTok.
The US government’s concerns about national security, particularly the app’s Chinese ownership and potential data theft, remain front and center. TikTok denies these charges, but the app’s ties to China have raised concerns. Last Monday, Trump issued an executive order suspending the ban for 75 days to consider a sale or investment in the app. The sale may take place during the following 30 days. Meanwhile, another Chinese-owned app, DeepSeek, is gaining traction for its use of AI and data harvesting tactics, causing the White House to look into its national security implications. As the TikTok story unfolds, the tech industry keeps a careful eye on events.
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