TikTok Will Generate $178 Billion in Economic Activity After Oracle Deal, White House Says

TikTok is set to generate as much as $178 billion in economic activity for American users over the next four years under terms of its pending deal, according to White House Press Secretary Karoline Leavitt. After it was reported that an investor consortium that includes Oracle, Silver Lake and Andreessen Horowitz was in final talks to purchase the U.S. version of the app last week, Leavitt provided further details in a Monday press conference, noting that President Donald Trump is expected to sign the deal later this week. "Under the terms of the deal, TikTok will be owned by a majority of . . .