Following concerns over national security and data privacy, a group of US senators expressed hope that TikTok will continue to operate in the United States under new ownership. The popular social media app has faced scrutiny due to its Chinese parent company, ByteDance, raising fears that user data could be accessed by the Chinese government.
As a result, President Donald Trump issued an executive order in August, mandating that TikTok be sold to a US-based company or face a ban in the country. This move prompted negotiations between TikTok and potential buyers, with Oracle and Walmart emerging as leading contenders to acquire the app's US operations.
