US EditionWhite House Says Deal Gives US Control of TikTok Board and Algorithm
- The US operations of TikTok will be majority-owned and controlled by Americans under a deal reached this week.
- Americans will hold six of the seven board seats for TikTok, and the video app's algorithm will be US-controlled.
- Oracle, Andreessen Horowitz, and Silver Lake Management LLC are expected to hold an 80% stake as part of the deal.
205 Articles
205 Articles
The agreement for the Chinese parent company of the popular TikTok video app to sell its operations in the United States (USA) foresees the creation of an American-dominated board of directors, announced a White House official on Saturday, September 20. “There will be seven positions on the board that will control the application in the United States, and six of them will be Americans,” White House press secretary Karoline Leavitt told Fox News.…
Americans to dominate board for TikTok's US op
An agreement between Washington and Beijing on the future of TikTok will include Americans holding six of seven board seats for the short video app's US operations and China's ByteDance naming the seventh board member, a senior White House official said on Saturday. The official said the agreement will also require that all data on American users will be stored on US cloud computing infrastructure run by US software firm Oracle. US President Don…
Americans will get 6 of 7 board seats for TikTok’s US operations, says White House
Trump is trying to close a final deal to keep the popular platform from closing.Read MoreThe post Americans will get 6 of 7 board seats for TikTok’s US operations, says White House first appeared on The Who Dat Daily.
An agreement between TikTok and China will guarantee American companies control of the application algorithm, announced the White House on Saturday.
White House: Emerging TikTok deal ensures US control of algorithm
An emerging TikTok deal with China will ensure that U.S. companies control the algorithm that powers the app’s video feed and Americans will hold a majority of seats on a board overseeing U.S…
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