ByteDance may no longer be required to sell of TikTok’s US assets to Oracle under the Biden administration.
TikTok’s parent company ByteDance may no longer be required to sell of its US assets to Oracle as the plan to require the social media network to divest its US operations has been pushed back indefinitely by President Biden. The move comes as President Biden’s administration is now in the process of reviewing the Trump administration’s efforts to address the security risks posed to the United States by Chinese tech companies. Back in August of last year, former President Trump made the decision to ban TikTok due to the way in which the personal data of US users could be obtained by the Chinese government. However, the US wasn’t the first country to ban the app as India banned TikTok back in June of 2020 citing similar security concerns surrounding the data and privacy of Indian users.
