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