Trump Presses for “Total U.S. Control” of Tik Tok


President Donald Trump has cast fresh doubt over the future of TikTok in the US unless Oracle and Walmart have “total control” of the company.

TikTok escaped a US ban on Sunday, after striking a deal with the American companies.
China-based owner Bytedance earlier said it would retain an 80% stake in the new company, TikTok Global.

But President Trump said Bytedance will have nothing to do with it and if they do, the US won’t make the deal.

He had threatened to ban the app on security grounds unless a sale was agreed with a US company by the middle of September.
The two main US investors, Oracle and Walmart, have said they will be taking a combined 20% stake in TikTok Global.