World Business Report Trump signs TikTok deal
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Sep 25, 2025 President Trump signs an executive order for TikTok's U.S. operations to be taken over by a group of investors, including Oracle's Larry Ellison, raising concerns about data security. Meanwhile, U.S. house prices are surging due to high demand and low supply, while Starbucks plans to cut 900 jobs and close underperforming stores in a significant restructuring effort amid rising competition and sales pressures. The podcast also explores the impact of Moldova's election on its wine industry as winemakers pivot towards the EU.
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TikTok Sale Framed As A Security Move
- The US administration aims to transfer TikTok's US operations to American investors citing data security and algorithm control concerns.
- The deal is framed as protecting American data and preventing foreign propaganda via algorithm control.
How Algorithm Control Will Work Is Murky
- Details of how algorithm control and data security will be implemented remain vague and unconfirmed by Beijing or ByteDance.
- Reporters expect code inspection, copying and retraining overseen by Oracle, but key technical and legal details are still unclear.
Small Business Reliance On TikTok
- Jordan Smith described how TikTok's algorithm found niche customers and grew his clothing business to 30,000 followers.
- He says losing TikTok would have been a