TikTok Is a Waste of Money for Oracle

Core Viewpoint - President Trump announced that a U.S. company or companies will acquire the Chinese social media platform TikTok [1] Group 1 - The acquisition is part of ongoing discussions regarding national security concerns related to foreign ownership of social media platforms [1] - The potential deal aims to address the U.S. government's apprehensions about data privacy and user information security [1] - The announcement indicates a significant shift in the operational landscape for TikTok, which has faced scrutiny from U.S. regulators [1]