Restructure Google & Facebook outside US like TikTok as well: Chinese stooge's novel idea

As Trump gives his d to  sale of TikTok's US operations to Oracle and Walmart, Editor of China's mouthpiece Global Times fumed at deal remarking that model should be promoted globally with US companies like Google and Facebook. Xu Xijin added that overseas operations of companies such as Google and Facebook should also undergo such restructuring to keep m under 'local control for security reasons.'  

According to a report, Oracle and Walmart will buy 12.5 per cent and 7.5 per cent stake respectively in newly established 'TikTok Global' and both companies would pay a combined $20 billion if y agree to proposed valuation. TikTok’s parent company ByteDance is reportedly seeking a valuation of $60 billion for its video-sharing app as Oracle and Walmart take stakes in it.

Read: Trump Gives His 'blessings' To TikTok Deal With Oracle, Walmart One After Download Ban

Read: Trump Anticipates Quick Settlement For TikTok Deal, Says It 'may Come Shortly'

Trump gives green signal to deal

After declaring TikTok a national security risk and even preventing federal employees from having app on ir office devices, Trump last month signed an executive order that would ban TikTok and or Chinese apps from operating in US. only way for TikTok to avoid ban was to sell its US operations to an American company.

With new deal, Trump said TikTok could w be based in Texas under Oracle and Walmart's control in US. US President added “I have given deal my blessing,” he said. “If y get it done, that’s great. If y don’t, that’s okay too”.

ByteDance opposes ban

Meanwhile, TikTok's parent company ByteDance has called ban as a violation of First Amendment free-speech rights as millions of Americans express mselves on online platform. ByteDance has also challenged order in a federal court, accusing administration of targeting company due to political reasons rar than “threats” mentioned by US Department of Commerce. 

Read: TikTok To Set Up $5 Billion US Education Fund? 'First We've Heard,' Says Parent ByteDance

Read: TikTok Says Already Committed To US Data Security Oversight At 'unprecedented Levels'