The president said he would stop ticking in September. Earlier, Oracle bought the rights to run TickTock in the United States.
Oracle was given the responsibility of the US operation of TickTock, not Microsoft. In the end, the two governments will decide whether the deal with Oracle will be finalized.
A month ago, US President Donald Trump announced that several Chinese apps were stealing the country's data. America's internal security is being compromised for those Chinese apps. Trump said apps like TickTock would be banned in the country by mid-September. However, if a US company buys it, it may not be banned.
However, there is considerable doubt as to whether ByteDance's agreement with Oracle will be fruitful. The agreement will be finalized only if the US and Chinese administrations give the green signal. Given the current state of US-China relations, many feel that the two leaders may not be able to ratify the agreement. Especially Donald Trump. According to Trump close aides, the president wanted Microsoft Nick to be in charge of the tick. Experts believe that the way Oracle has taken over the responsibility of building the consortium could lead to considerable complications.