The Trump administration’s campaign to make Chinese-owned video-sharing app TikTok relocate to the U.S. is the latest example of the global fracturing of the internet.
President Trump over the weekend approved in principle a deal that would shift TikTok’s headquarters and data to the U.S. Chinese owner ByteDance Ltd. and its investors, for now, remain the majority shareholder, with Oracle Corp. taking a 12.5% stake in the new company, called TikTok Global, and Walmart Inc. owning 7.5%. Oracle will serve as a technology partner…
