The United States has banned the downloading of TikTok and WeChat by residents, claiming this would be a threat to the country's national security.
Database giant Oracle is buying TikTok to increase its relevance in the cloud market by demonstrating the scalability of its cloud platform, and also increase its "hip factor" with brands like Zoom, analysts from the American market research company Forrester claim.
In an act that has led to him being labelled a grifter, US President Donald Trump has suggested that the US should get a cut from the price paid for social media company TikTok "‘because we’re making it possible for this deal to happen".
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