Reports that TikTok will transfer an 80 percent stake in its U.S. operations to Oracle, Silver Lake, and Andreessen Horowitz are celebrated in Washington as a strategic victory over China, where its parent company is based. But a closer…

Reports that TikTok will transfer an 80 percent stake in its U.S. operations to Oracle, Silver Lake, and Andreessen Horowitz are celebrated in Washington as a strategic victory over China, where its parent company is based. But a closer…