Mnuchin added that their technical teams along with Oracle’s technical teams will be reviewing TikTok’s proposal to protect the U.S. national security. A part of it is to “make sure that the technology in American’s phone is safe and not corrupt.”
“I will just say from our standpoint, we’ll need to make sure that the code is, one, secure, Americans’ data is secure, that the phones are secure and we’ll be looking to have discussions with Oracle over the next few days with our technical teams,” said Mnuchin.
ByteDance was accused of collecting American users’ data
In recent weeks, the Trump administration has sparred with ByteDance over allegations that the company collects data of American users and has close ties to the politburo in Beijing, raising questions of whether TikTok is simply a part of a wider Chinese geopolitical strategy to challenge American dominance.
While Microsoft and Walmart seemed to be the plausible winners of the deal, it turns out that the social media app determines that Oracle is a better fit for it . In recent years, Oracle has pivoted from enterprise business software to lucrative cloud computing technologies. A key example was Oracle’s recent deal with Zoom Video Communications Inc. (NASDAQ: ZM) to become its primary cloud provider.
