TikTok will reportedly sell to Oracle after Microsoft bid rejected

Oracle has beat out Microsoft to win the bid for TikTok's U.S. operations, according to a report by the Wall Street Journal. The B2B database software company isn't exactly the first name you think of when you think "meme-filled video sharing app for teens," but we're all extending ourselves a bit more these days.

Microsoft announced that TikTok's Chinese parent company ByteDance rejected its proposal to buy the popular app in a very brief, slightly sassy blog post on Sunday. 

"[W]e would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement," wrote Microsoft. "We look forward to seeing how the service evolves in these important areas." Read more...