Over the last few months, everyone was glued to their phones as they waited for updates regarding the ban of TikTok – an app that has dramatically changed digital culture. After President Trump’s executive order in August forcing ByteDance to sell TikTok, the fate of our favorite creators and videos seemed uncertain. However, they will not be going anywhere because TikTok has agreed to partner with Oracle. But will the US government approve this deal? Background When India banned the video-sharing app in June, American TikTok users worried that the app would be banned in the US after Secretary of State Mike Pompeo announced in early July that they are looking into banning TikTok due to national security concerns. BIG: After India, US Secretary of State Mike Pompeo says that the United States is “certainly looking at” banning Chinese social media apps, including #TikTok. ‘Download the App only if you want your private information in the hands of the Chinese’, Pompeo warns. pic.twitter.com/gtbQ9tjlCd — Aditya Raj Kaul (@AdityaRajKaul) July 7, 2020 Because TikTok is owned by the Chinese company ByteDance, it is under the control of the Chinese Communist government. This raises concerns all over the world because there were allegations that TikTok is sharing private information with the Chinese government – although TikTok denied these accusations. TikTok felt that the Trump Administration was ignoring their explanations and denials of their connections to China leading to TikTok’s lawsuit against the administration. Due to President Trump’s distrust of China as he believes they are a huge economic competitor and responsible for the current world pandemic, President Trump did not want to take any national security risks when it comes to China. Despite Gen Z’s retaliation, President Trump set a hard deadline on ByteDance to sell TikTok to a US owned company by September 20 or it will be banned in the US by September 29. Over the last month, TikTok has been presented with many potential buyers including Microsoft and Walmart, but people thought Microsoft would be TikTok’s new owner. @charlesthegr8 #sponsored I might have to cop that new #xbox now #microsoft #fyp #foryou #funny ♬ Cousin Stizz – Perfect Ft. City Girls – jgonz860 Oracle Outbids Microsoft However, yesterday, Microsoft announced that ByteDance rejected their offer to buy TikTok. Today, Oracle officially confirmed that it has been chosen to become TikTok’s “trusted technology provider.” However, it is hard to tell exactly what this means. Oracle is a software company that sells software and cloud services to companies to help them manage and improve their businesses. As a “technology partner,” Oracle may be allowing TikTok to utilize its cloud infrastructure, which would attract more businesses to become Oracle clients and improve TikTok’s data security. Since the announcement of Oracle’s deal with TikTok, Oracle’s stock has increased almost 6% as TikTok is a huge platform with over 2 billion downloads worldwide. With TikTok, Oracle’s revenue is sure to increase exponentially as they will be in control of one of the world’s most popular social media networks. “Are you buying Oracle stock today?” pic.twitter.com/lL7JTuuIl0 — Douglas A. Boneparth (@dougboneparth) September 14, 2020 Is This a Good Deal? However, some are skeptical of this deal as many are bothered by President Trump’s connection to the company. Larry Ellison is a former CEO of Oracle and currently serves as executive chairman of the board and chief technology officer. In February, Ellison hosted a fundraiser at his Coachella Valley home for Donald Trump, but was not physically present. Also, the current CEO Safra Catz was a part of President Trump’s transition team. Oracle won the bid for TikTok. I wonder why… 🤔https://t.co/Ehd0u25QvB — Katie Hill (@KatieHill4CA) September 14, 2020 Oracle appears to get TikTok. Its chairman, Larry Ellison, is a big Trump donor. Competitor Microsoft is not. Crony capitalism is the norm. Hope it becomes the next MySpace pronto. — Michael Glassman (@MHGtweet) September 14, 2020 Maybe it’s just a coincidence that Oracle, which has zero expertise in consumer technology (as opposed to Microsoft), and is headed by Larry Ellison and Safra Catz, two of Trump’s biggest (and only) supporters in Silicon Valley, gets to buy TiKTok. https://t.co/chvNLfcQ7v — andy serwer (@serwer) September 14, 2020 Despite this, most people are ecstatic about TikTok being saved, but the deal still needs to be approved by the White House. Within the last few weeks, there have been rumors that China will prohibit ByteDance from selling its algorithm to the US; however, to prevent a ban, ByteDance must sell 100% of the company – including its algorithm. The algorithm is TikTok’s most valuable feature as its ‘For You’ page gives each user an individualized experience based on their engagement as well as allowing anyone to go viral, no matter their following. my “for you page” is too accurate on tiktok wtf — yanisbeth🐙 (@yanisbishh) September 12, 2020 From Treasury Secretary Steve Mnuchin’s statement, it is unclear if TikTok agreed to sell its algorithm to Oracle. According to Secretary Mnuchin’s statement to CNBC, they received ByteDance’s proposal over the weekend and will review the deal this week. Mnuchin said he will be talking with Oracle over the next few days to ensure American data and phones are secure with this deal. Even though the details of Oracle’s deal with TikTok have not been released, TikTok fans are jumping with joy as they will not have to say goodbye to their favorite videos and creators. @elianaghen BREAKING NEWS!!! Thank you Tiktok! I am so grateful! #greenscreen #tiktoksold #oracle #BoostYourMood #fyp ♬ Whole Lotta Choppas – Sada Baby Do you think the White House will approve this deal? Will TikTok sell its algorithm? Why do you think TikTok picked Oracle over Microsoft?
President Trump has announced that he will not be extending the deadline for the sale of TikTok to an American company. The United States government has stated that they will officially not be extending the deadline of September 20th. This decision has caused both panic and anger for TikTok users and influencers on social media. It also creates urgency for companies to make negotiations faster in order to stop the app from being banned in the U.S. If they ban @TikTok_us, I’ll stop paying taxes. — Step Ma (@shumythemoney) September 11, 2020 As a result of this announcement, social media users are already discovering and sharing a hack to keep the app even if it were to be “banned.” As long as users have the app deleted and updated to its latest version prior to it being banned, Youtubers are trying to expose tricks and a hack for keeping the platform. [embedded content] Before Trump boarded Air Force One at Joint Base Andrews, he said: “We’ll see what happens. It’ll either be closed up or they’ll sell it.” BREAKING REPORT: Trump say's There'll be NO EXTENSION of the TikTok deadline… "We'll either close up TikTok in this country for security reasons or it'll be sold… — Chuck Callesto (@ChuckCallesto) September 11, 2020 Due to the sale’s complexity, this deadline is a bit rushed for companies to purchase it. Some analysts previously predicted that the deadline would most likely be extended in order for a successful transaction to occur. However, Trump’s administration has made it clear that the consequences of keeping it any longer outweigh the app’s benefits. In an executive order shared in August, Trump stated that ByteDance, the company that currently owns TikTok, may cause damage that would impact “the national security of the United States.” The President originally announced that he was going to ban the app back in July of this year. Since then, it has been amongst his main priorities for the country before the November election. This has caused some anger and backlash due to the importance of keeping the current global pandemic under control seemingly taking a back-burner. Isn’t tiktok supposed to be banned on the 15th?? Idk if it’ll actually happen bc trump lies a LOT but still what — ✰ ella ✰ (@hollyolly23) September 11, 2020 WATCH: 'I am not extending deadlines,' says President Trump on a sale of TikTok's U.S. assets https://t.co/wqWyLAppvC pic.twitter.com/o92rJvnYQO — Reuters Business (@ReutersBiz) September 11, 2020 TikTok has sued the Trump administration for what it said was a “heavily politicized” executive order. In a post announcing the case, TikTok said: “We far prefer constructive dialogue over litigation. But with the Executive Order threatening to bring a ban on our US operations — eliminating the creation of 10,000 American jobs and irreparably harming the millions of Americans who turn to this app for entertainment, connection, and legitimate livelihoods that are vital especially during the pandemic — we simply have no choice.” Microsoft is a potential buyer for the platform. However, it is unclear whether or not the two companies will be able to reach a deal by this closely approaching deadline. hurry up and buy tiktok — Kristi ✰ (@kristimathura) September 11, 2020 TikTok continues to grow in popularity and the idea of it going away is difficult for a lot of influencers and users. Many have taken to other apps such as Twitter to complain and express their hope for it to remain in The United States. TikTok is so good, and I’ll be sad if Trump really does ban it / if they have to sell to someone who will screw it up 🙁 — Zain (@calizoned) September 9, 2020 During the first few months of this year, the app was downloaded 315 million times. It currently has over 2 billion downloads around the world. Many have already referenced it as a “cultural phenomenon.” @tiktok_us please don't go, we need you😭😭😭 #savetiktok — Decarol (@itsbabydiva) September 11, 2020 The app being a “threat” to national security has caused major debate online. However, cybersecurity experts said its risk is “highly theoretical.” Also, they confirmed, according to CNN, that there is “no evidence to suggest that the app’s user data has been compromised by Chinese intelligence.” @tiktok_us For the record, if Trump’s stupid ban takes place you’re staying on my phone, and there’s nothing that orange man can do about it #savetiktok — Chris Green (@ChrisGreenJ) September 11, 2020 According to CNBC, Microsoft and Walmart have officially teamed up for a potential deal. However, a third company, Oracle, has also made bids on the application. We now have 4 days for Microsoft to buy TikTok again. Thanks Trump! You really do know how to put the D**k in dictator! #saveusmicrosoft #savetiktok — WholesomeWeeaboo (@SarahFye9001) September 11, 2020 @Microsoft BUY TIKTOK PLEASE IM BEGGING pic.twitter.com/UobQkowfA2 — ًr (@locatiqn) September 11, 2020 In a recent emailed statement by a TikTok spokesperson, it stated that the app and company is “committed to continuing to bring joy to families and meaningful careers to those who create on our platform for many years to come.” Hey @tiktok_us should we be worried? If Tiktok gets banned, will all of our content disappear?!? Thank you! 😳😳😳@TikTokSupport #savetiktok #TikTok — Rob Flaska (Robs 🐜) (@RobFlaska) September 11, 2020 It seems as though yet another social media platform has been political. The deadline, however, may be able to be pushed back by the courts. This decision will only be able to be made after they consider ByteDance’s arguments that the executive orders regarding TikTok are illegal. Will you miss TikTok if it gets banned? The popular social media platform seems to have an unpredictable future when it comes to its future status in The United States. A deadline extension may be the only way for it to continue its existence.