

Discover more from NOT BILLABLE
š£ WTF is going on with TikTok now?

Tuesday was supposed to be deadline day for TikTok and President Donald Trump. If it had not been sold by Sept. 15, he had threatened the app would be banned.Ā
But as of late Tuesday evening TikTok was still in the app store. Hereās an explanation of what is still a fairly-complicated situation.Ā
Oracle (sort of) came to the rescue: The tech giant beat out Microsoft and Walmart to become an American partner of parent company ByteDance. But it wonāt necessarily soothe all of the U.S. governmentās concerns (more on that below).
As part of the deal, the TikTok app is separating from ByteDance: According to The Financial Times, the setup creates a new corporate entity for the app. That is the entity in which Oracle will have a minority stake.Ā
Security will supposedly be beefed up: The data will be processed and stored in the U.S., with Oracle having an oversight role.Ā
Trumpās approval is still necessaryĀ
As of Tuesday, his administration was still going through details of what the deal means. The Vergeās Russell Brandom noted that the new setup doesnāt necessarily change the way TikTok operates or alleviate all the security concerns brought up in the first place.Ā Ā
Brandom wrote that Oracle was essentially becoming a babysitter: āItās still unclear exactly what Oracleās ātrusted tech partnerā status entails, but itās definitively not a sale, and itās unlikely Oracle is taking over any significant operations from the US TikTok offices.Ā
The VerdictĀ
Americans who like TikTok can rejoice, at least for now. And law geeks who wanted to see a pitched battle between the Feds and a technology company may still get just that, if the U.S. government isnāt happy with the Oracle deal.