Walmart’s use of TikTok is likely to continue even if the deal with Oracle falls apart

Walmart’s use of TikTok is likely to continue even if the deal with Oracle falls apart
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WalmartHopes of owning a stake in TikTok may be dashed, but don’t expect interest in the viral video app to wane.

The company’s plan to co-buy the social media app’s US operations oracle was postponed indefinitely how the Biden administration is examining security concerns with Chinese tech companies a report from the Wall Street Journal Wednesday. Nameless people familiar with the matter were cited.

Walmart spokesman Randy Hargrove declined to comment on Wednesday’s report, referring questions about a possible TikTok sale to the Biden administration. oracle did not respond to CNBC’s request for comment.

Speaking at a press conference at the White House on Wednesday, press secretary Jen Psaki said the government had not taken any new measures regarding the TikTok deal. She said it goes on …

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