Leaders at Oracle , the main cloud computing provider for TikTok's U.S. operations, have told some staff to prepare to shut down servers that host U.S. TikTok data as soon as 9 p.m. ET on Saturday (0200 GMT on Sunday) in advance of a U.
Canadian investor and Shark Tank star Kevin O’Leary is still interested in a TikTok deal, but it’s not possible under current law, he told CNBC. President Donald Trump on Monday delayed by 75 days the imposition of a law that would effectively ban ByteDance’s (BDNCE) TikTok in the U.
TikTok said Sunday it was beginning to restore service for US users after going dark overnight following a new law that effectively banned the app.
Oracle (NYSE: ORCL), the cloud provider for TikToks U.S. operations, has reportedly instructed staff to prepare for shutting down servers hosting TikToks U.S. data. According to The Information, the shutdown could occur
Experts have indicated that common workarounds, such as VPNs, may not be effective due to the app's ability to detect user locations through geolocation data.
TikTok began restoring its services on Sunday after President-elect Donald Trump said he would revive the app's access in the US when he returns to power on Monday.
But while signing the order, Trump suggested that the United States government should be a half owner of TikTok's U.S. business in return for keeping the app alive. He warned that he could impose tariffs on China if Beijing failed to approve a U.S. deal with TikTok.
TikTok and its Chinese parent company are facing off against the Justice Department Friday in a hearing before the Supreme Court that will help determine the fate of the popular social media app.
They also said Microsoft Corp. (MSFT), a past TikTok suitor, might end up interested again, and there might be interest from Walmart Inc. (WMT) or Oracle Corp. (ORCL), which at one point in 2020 looked on track to each acquire stakes in the video-sharing app.
TikTok began going dark for US users late Saturday night, a little more than an hour before a new law banning the app was set to take effect.
TikTok said Sunday it was beginning to restore service for US users after going dark overnight following a new law that effectively banned the app.