Oracle stock rises as White House names software giant in TikTok deal; company announces CEO shakeup

Oracle (ORCL) stock rose 3% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also separately ...

U.S.-Run TikTok to License Algorithm, White House Says

In the United States, TikTok will be operated by a board of directors with national security and cybersecurity credentials, ...

White House shares structure it says will "save" TikTok, insisting Beijing agrees

Congress has effectively banned TikTok in the U.S. based on national security concerns, telling TikTok's Chinese parent ...
The Financial Express

Trump to sign TikTok deal ‘this week’ – White House says Oracle will manage app for US users

Trump had extended the deadline multiple times via executive order amid efforts to keep TikTok available in the US.
ConsumerAffairs

TikTok soon to be 'under American control,' White House says

White House says US companies will oversee TikTok’s algorithm and Americans will hold six of seven board seats for US ...

White House selects Oracle to manage TikTok's US algorithm amid security concerns

The White House has named tech giant Oracle as the company that will power TikTok for U.S. users, with the app's algorithm being operated in the United States.A ...