• Business

    TikTok’s possible ban could have a large impact on tech giants

    Commerce Secretary Wilbur Ross says the U.S. plans to restrict U.S. access to the Chinese-owned apps TikTok and WeChat on Sunday night on national security and data privacy grounds. IMD Business School LEGO Professor of Management and Innovation Howard Yu told Yahoo Finance’s On the Move that there’s a “lack of security experts’ opinions weighing in” on the situation. “There’s no real IT specialist trying to say ‘Are we doing enough? Are we not doing enough?’ when Oracle (ORCL) is becoming this tech partner,” Yu explains. Oracle is reportedly nearing a deal with TikTok to own a roughly 20{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} stake in the company. Walmart will reportedly join in the partnership.…

    Comments Off on TikTok’s possible ban could have a large impact on tech giants