Clock runs out on sale of TikTok to Austin-based tech company Clock runs out on sale of TikTok to Austin-based tech company TikTok, which has a major presence in Austin, was in talks with Austin-based Oracle on a sale. Courtesy photo This news may have some people in Austin “shook,” as they say on TikTok: Software giant Oracle and retail powerhouse Walmart have indefinitely dropped plans to buy the U.S. arm of the video-sharing app. Not only is this a major (though not entirely unexpected) development for Austin-based Oracle, but it also may affect TikTok’s Austin workforce. Last August, TikTok laid out plans to roughly double its Austin headcount from close to 100 to around 200, and to eventually add hundreds of employees here. Around the same time, speculation surfaced that if TikTok’s U.S. operations were sold to Oracle and Walmart or other buyers, Austin might become the headquarters of the newly configured U.S. business.