YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Sen. Josh Hawley, R-Missouri, is urging the Committee on Foreign Investment in the United States to reject Oracle's proposed deal with TikTok.
ByteDance, the Chinese parent company of TikTok, announced this week that Oracle was chosen as its U.S. technology partner. TikTok previously was given a deadline by President Donald Trump to sell its U.S. assets or face a ban.
Hawley said the deal does not solve the Chinese national security threats identified by Trump.
“China’s repressive intelligence laws, which allow the seizure of data from Chinese companies like ByteDance if the Chinese Communist Party comes knocking, still remain in force,” he said. “And that is why any corporate shell game that leaves TikTok in the hands of ByteDance will simply perpetuate the original problem, leaving U.S. national interests and everyday users at serious risk.”
TikTok has rejected claims that it shares user data with the Chinese government.
Read more from Fox Business.
Guest columnist Donnie Brawner says many entrepreneurs stray from their original business ventures, which is often a recipe for success.