Since the start of the Covid-19 pandemic, TikTok had been observing a massive rise in the downloads because of too high video sharing apps demand. As per the analysis by Airnow Data, TikTok downloads in the month of March 2020 were 76 million and 44.6 million in August. The drastic increase in the number of downloads gave strong competition to other competitors in the market.
The success was an upbeat for TikTok’s Chinese parent company ByteDance, alleged for breaching national security through its users’ data. The Indian government banned the TikTok app countrywide, followed by the tension on the borders.
Earlier in August, the US government also considered banning TikTok applications all over the country due to the same national security concerns. However, ByteDance was given a deadline of 45 days to sell its US operations of TikTok.
On Monday, the Wall Street Journal reported that Oracle would soon take over TikTok’s US operations as US President Donald Trump has approved the deal. Microsoft was also the contender for taking over the app’s US operations; however, it had better ambitious plans for undertaking the operations.