Also Read: TikTok 'Disappointed' With US Ban on New App Downloads, Pledges to Protect User Privacy and SafetyTikTok Global, which TheWrap reported last week would be looking to file an initial public offering sometime in 2021, would have five board seats, with Walmart CEO Doug McMillon serving as director.Bytedance would retain ownership and control of its code in its deal with Oracle; the software giant, along with controlling American user data, would be allowed to review the source code and updates to make sure there aren’t any leaks to Bytedance — and possibly to China’s communist government, which, by law, Bytedance would be compelled to share information with, upon request.On Saturday, President Trump said he approved of the.
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