Oracle’s role in TikTok faces scrutiny from White House, NY Times says

Oracle (ORCL) recently met with top aids at the White House to discuss how the company, which processes and serves TikTok user data, intends to work with the video app, Sapna Maheshwari and David McCabe of The New York Times reports, citing two people with knowledge of the matter. This comes ahead of the April 5 deadline from federal law that prohibits its distribution in the country if not sold to a non-Chinese owner. The recent discussions with the White House raised the topic of if Oracle would still be involved in running TikTok, one source told the Times.