In a capital where Republicans and Democrats agree on virtually nothing, it was notable when the House overwhelmingly declared on Wednesday that TikTok poses such a grave risk to national security that it must be forced to sell its U.S. operations to a non-Chinese owner. But that glosses over the deeper TikTok security problem, which the legislation does not fully address. In the four years this battle has gone on, it has become clear that the security threat posed by TikTok has far less to do with who owns it…
Tag: Oracle Corporation
TikTok Could Be a Hard Sell to Potential Buyers
TikTok has what many Silicon Valley companies lust after: A culture-making machine beloved by 100 million Americans and deep-pocketed advertisers. That doesn’t mean they will line up to buy it. TikTok said on Wednesday that the Biden administration was pushing the company’s Chinese owners to sell the app or face a possible ban. But there are probably few companies, in the tech industry or elsewhere, willing or able to buy it, analysts and experts say. At a price of $50 billion or more — the value some analysts said TikTok…