Tik Tok media App Illustration

In this photo illustration, the social media application logo, Tik Tok is displayed on the screen of an iPhone on March 05, 2019 in Paris, France. The social network broke the rules for the protection of children's online privacy (COPPA) and was fined $ 5.7 million. The fact TikTok criticized is quite serious in the United States, the platform, which currently has more than 500 million users worldwide, collected data that should not have asked minors. TikTok, also known as Douyin in China, is a media app for creating and sharing short videos. Owned by ByteDance, Tik Tok is a leading video platform in Asia, United States, and other parts of the world. In 2018, the application gained popularity and became the most downloaded app in the U.S. in October 2018.

 (Photo by Chesnot/Getty Images)

WASHINGTON (AP) — President Donald Trump said Saturday he’s given his “blessing” to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese-owned app he’s targeted for national security and data privacy concerns.

Trump said the proposed deal will result in the creation of a company based in Texas and under the control of U.S.-based Oracle and Walmart. Trump has been targeting TikTok, a video app popular with younger people, as well as WeChat, another Chinese-owned app.

The dispute over the two apps is the latest flashpoint in the rising tensions between the world’s two largest economies.

Copyright 2020 FOX Carolina (Meredith Corporation). All rights reserved.

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