Recall that Oracle and ByteDance have a proposal on the table for Oracle to take a minority partnership position in ByteDance’s TikTok. In response to objections to that, some
Trump administration officials are looking to give American investors a majority share of the company that will take over the Chinese-owned video-sharing app TikTok[.]
Senators Marco Rubio (R, FL), Rick Scott (R, FL), Thom Tillis (R, NC), Roger Wicker (R, MI), Dan Sullivan (R, AK), and John Cornyn (R, TX), object to that, too.
Any deal between an American company and ByteDance must ensure that TikTok’s US operations, data, and algorithms are entirely outside the control of ByteDance or any Chinese-state directed actors, including any entity that can be compelled by Chinese law to turn over or access US consumer data.
The Senators are absolutely correct. Any fraction of ownership by a People’s Republic of China company that’s greater than zero is too much; giving, as it would, the PRC’s intelligence community access to all the data TikTok scoops up from the individuals and businesses that use it.