Trump: I Have Given the Tiktok-Oracle Deal My Blessing

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  • Bloomberg Politics published this video item, entitled “Trump: I Have Given the Tiktok-Oracle Deal My Blessing” – below is their description.

    Sep.21 — President Donald Trump discusses Oracle Corp.’s agreement to take a stake in TikTok. The proposal, which has the president’s blessing, would give Oracle and other investors minority ownership of a new company called TikTok Global. He spoke at a news briefing at the White House on Saturday.

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    In This Story: Donald Trump

    Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

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  • In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

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