Oracle-TikTok deal: Trump not in favour of Chinese firm retaining control

US President Donald Trump questioned ByteDance’s plan to hold a majority stake in TikTok and said he didn’t favour the idea of a Chinese firm retain control. Six Republican senators urged him to reject the deal as long as it was tied to ByteDance, as it “failed to meet the intent of the president’s executive orders”. While Trump fears that TikTok could threaten national security, he may not want to alienate 100M American TikTok users ahead of the Nov 3 elections.

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