Oracle and TikTok…. sound’s weird? Microsoft found a competitor for TikTok purchase. Larry Ellison’s company, Oracle, might offer TikTok a purchase option. Oracle’s courtship of Chinese-owned ByteDance is part of an orchestrated push for the popular social media app. TikTok is currently at the eye of a government oversight storm that threatens to ban the successful company from operating in the American market.
Oracle partnered with Sequoia Capital, an American venture capital firm based in Menlo Park, California, and the New York-based company General Atlantic. These three companies conduct talks with TikTok with aims of getting a giant slice of TikTok’s commercial influence in the United States, Canada, New Zealand, and Australian markets.
This competitive bid comes right after Microsoft’s flirtatious intentions with Chinese-owned ByteDance as the Washington DC government gave ByteDance 90 days to sell its business or cease operations in US territory. Larry Ellison sympathizes with the Trump administration push against TikTok.
Oracle and TikTok – Who else would jump in?
Disgraced social media company Twitter wants to buy TikTok. The problem for the Jack Dorsey-owned company is its cash flow. Still, Oracle’s interest in TikTok comes at a time where talks with Microsoft seem to have cooled down. It seems that the software developer offered very little to TikTok. Whoever picks up TikTok must face tough scrutiny. The company is under a massive government oversight campaign in the US, whose actions against the apps triggered legislative and executive branch action.
Ranging from a top-level Florida senator conducting inquiries on TikTok’s content policy quoting censorship to a partial Armed Forces ban to the massive amount of information, growth, and hype behind it, TikTok’s problems and controversies shine a light on consumer preferences in the United States. For those on TikTok’s side in the US, it comes down to freedom of association and freedom of speech, basic constitutional rights granted under that country’s legal system. Still, the debate on the government side resides on a geopolitical issue, as China’s dominance in the telecommunications sector with their long-running push on handling content and distribution of internet traffic becomes a national security issue for many countries worldwide.
What Is TikTok?
TikTok is a social media short video sharing platform developed by Chinese-owned company ByteDance. The app is very popular amongst the Generation Z and Millennial segments which use it with enthusiasm as they share all kinds of different content. From dancing and music to paintings, singing, acrobatics, there are all kinds of content to choose from. With the exception of the explicit adult content genre, and on some occasions, overtly political statements, the video-sharing social media platform made its way to the top, ranking top in downloads.
Users download TikTok over Facebook, YouTube, and Instagram, and there’s a reason for it, the app is extremely easy to use. TikTok CEO said in a video posted shortly after Donald Trump commented on the possible ban of the app that the Chinese-owned company doesn’t plan to go anywhere; they intend to remain to conduct their day to day operations in the United States and elsewhere.