President Trump had also claimed that TikTok would set up a $5 billion education fund in the U. S. On Sunday, ByteDance said it was not knowledgeable concerning the fee, based on CNN. Oracle and Walmart did add that TikTok Global would pay "greater than $5 billion in new tax dollars" to the U.

S. Treasury. The social media agency narrowly avoided being shutdown in the U. S. on Sunday. According to the Commerce Department, the original Sept.

20 deadline has been not on time as the companies race to finalize an agreement. On Friday, Trump appeared to scuttle the deal before changing his mind over the weekend. Under free Tik Tok followers bot download, of the deal, Walmart and Oracle would be given a mixed 20% stake in the U. S. based TikTok Global.

Four of the five board contributors would even be American. U. S. Secretary of State Mike Pompeo said that the entity can be "controlled by Americans," and that ByteDance could be a "passive shareholder.