TikTok To Stop Working by Nov. 12th With No Deal for US Sale

Episode 1729 (06:11)

TikTok

The popular social media video platform TikTok may stop working in the US on November 12th if a deal isn't made to sell it's US operations to a US company by then. Leo says that while Oracle was reported to have agreed to purchase the platform, the company has said they would only have a vested interest in the company that would route all traffic to their servers. Walmart is also believed to be interested in investing in a new arrangement, Leo says probably for eCommerce rights. But it's all for naught if a deal isn't reached that will meet presidential approval.