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Walmart, Microsoft, and Oracle had been rumored to be fascinated about making the purchase (which is reportedly between $15 billion and $50 billion). "has to be compensated, well compensated." On September 13, CNN reported that Oracle ultimately finalized a deal with TikTok because the app’s U.S. In keeping with The Verge, while this deal was meant to assuage Trump and relieve safety issues, having Oracle as TikTok’s "trusted tech partner" finally "accomplishes nothing." Because the deal doesn’t appear to be a sale or respectable severing of ties with TikTok’s operations in Europe or Asia-as Microsoft’s proposed deal supposed-security concerns stay. As Forbes author Zak Doffman puts it, "Yes, there are security concerns behind the scenes, however industrial, financial, and political issues trump those." Emphasis on "trump," ahem. Truly ugh, but other than Trump’s personal political agenda, let’s talk those information security issues… On top of that, Secretary of State Michael Pompeo lately claimed officials have been contemplating banning the app to protect Americans’ personal information. So, is TikTok collecting information? In response to Bloomberg and the new York Times, there’s legitimate concern the app is accumulating data from children below the age of thirteen with out parental permission-which can be in violation of U.S.
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