With the Deadline of Sept. 20th Fast Approaching, TikTok makes a Last Minute Proposal in the hopes of Avoiding a Total Ban

1 Cover Steve Mnuchin Treasury Secretary

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TikTok is officially freaking out as the clock winds down when the U.S. Government’s September 20th deadline shuts the door on TikTok if a sale isn’t made. They don’t want to sell their company and told Microsoft and Walmart to take a hike. Then they scrambled with a weird proposal to “partner” with Oracle on Sunday but not sell their company.

 

We’re now learning more about the Oracle deal. TikTok wants to appease the Trump administration with a deal to open a new U.S. business and hire 20,000 Americans. Oracle will be a data house to ensure that security issues are dealt with as required by the U.S. Government to safeguard consumer information from going to the Chinese Government. At present it still sounds like another stall to get to election day (or week) remaining in tact. That appears to be the ultimate short-term

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