Oracle Would Get Access to TikTok Code in Proposed Deal

(Bloomberg) — Oracle Corp. will get full access to review TikTok’s source code and updates to make sure there are no back doors used by the company’s Chinese parent to gather data on the video-sharing app’s 100 million American users, according to people familiar with the matter.TikTok parent ByteDance Ltd. and Oracle submitted these details in their proposal to the Trump administration with a goal of averting an outright sale of the app or a shutdown of its U.S. operations set to take effect Sept. 20. U.S. President Donald Trump has threatened to ban the app in a pair of …read more

Source:: Yahoo Finance