Senate Democrat demands answers on TikTok's U.S. joint venture deal with Oracle

Sen. Ed Markey says the spin-off deal may have violated the spirit of a 2024 law and demands key contract details by June 18

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Sen. Ed Markey on Friday sent letters to TikTok US and Oracle $ORCL demanding information about whether the joint venture established to keep TikTok operating in the United States adequately addresses national security concerns about the app's Chinese ownership.

In letters sent Friday, Markey alleged the spin-off arrangement fell short of a 2024 law designed to sever ties between TikTok's U.S. operations and ByteDance, the app's Chinese parent company, CNN reported, saying it violated the law's spirit if not its text. "President Trump managed to keep TikTok online........

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