What Happened to TikTok?
In August 2020, the Trump administration announced that TikTok's parent company, ByteDance, would be required to sell the app to an American company or face a ban in the United States. This move sparked a heated debate about the app's data security and its potential ties to the Chinese government.
- Microsoft and Oracle were rumored to be interested in purchasing TikTok, but ultimately, no deal was made.
- In September 2020, TikTok and Oracle announced a partnership that would allow Oracle to become TikTok's trusted technology partner in the United States.
Is TikTok Owned by ByteDance?
Yes, TikTok is still owned by ByteDance, a Chinese technology company. Despite the rumors of a sale, ByteDance maintained control of the app.
What Does This Mean for TikTok Users?
The ongoing debate about TikTok's ownership and data security has raised concerns among users. However, it's essential to note that TikTok has implemented measures to protect user data, such as storing user data in the United States and Singapore.