TikTok nears Oracle deal in bid to allay US data concerns TikTok is close to an agreement with Oracle Corp to store its US customers' information without its China-based parent company ByteDance having access to it, in order to meet US regulatory concerns over data integrity on the popular short video app, as per reports on March 11. A year and a half ago, a US national security panel ordered ByteDance to divest TikTok. But the panel's order never got implemented after Joe Biden became the US President. The two businesses are working on a framework that would allow that team to function independently of TikTok's management and supervision. TikTok is also looking at forming partnerships with other digital businesses to work on firewalls and cybersecurity. Twitter starts testing 'Shops' to expand its social commerce presence Twitter will experiment with permitting companies to display up to 50 goods for sale on their accounts, the company said, as part of a bid to capture a slice of the $45 billion US social commerce sector. The beta test for Twitter Shops will be accessible for select businesses in the US and will be visible to individuals using the Twitter iPhone app. Facebook and Instagram have been leaders in social commerce, empowering vendors to set up virtual shops and sell items. Zomato may extend $75-100 million to rescue cash-strapped Blinkit Zomato might extend $75-$100 million in credit to save cash-strapped quick commerce startup Blinkit, as per reports. The funding comes at a time when the…
News
tl;dr TikTok tries to allay US data concerns, Twitter expands into social commerce, Zomato looks to lend Blinkit a hand, and more
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...