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A TikTok Deal May Be On the Horizon

Good news kids: TikTok is here to stay. Well, we think so.

In a statement sent out to all users over the weekend, the company said they are "working with a US tech partner" to continue the app in the states while making no change to the user operations. This statement comes just days after an announcement that the Trump Administration signed off on removing TikTok and WeChat off of the app store as soon as Sunday. The app would only be allowed to continue on if it cut its ties with China.

It's unclear, however, who will have ownership over the app and whether or not they'll run into more obstacles. Initially, it was revealed that a company called Oracle would sign a contract with the US TikTok operations. This contract would also give a merchandising deal to Walmart, according to the New York Times. After hearing the news, President Trump gave his "blessing" for the deal.

But a deeper look into this contract complicates things. Oracle and Walmart would only have a 20% stake in the app while ByteDance would own 80%. The company mostly operates out of China, which then caused Trump to rescind his blessing, according to CNBC. However, since ByteDance is 40% US-owned, the deal would make the app mostly US-owned with Oracle and Walmart's share. ByteDance also claims they will put an end to the data collection issue that originally sparked the issue.

The plan has yet to be approved by the US government, and it seems like a majority of the logistics need to be sorted before we can claim that TikTok is being saved. And not that it's not important, but logistics aside, I just want to know if I'm gonna be able to watch Lewis Capaldi's TikToks until 2am anymore or if I have to get a life...

We'll let you know when we know.


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