US EditionExplainer: What Is so Special About TikTok’s Algorithm?
ByteDance will reduce its U.S. stake to under 20% in a $14 billion joint venture with American investors to address data security and algorithm control concerns.
- On Thursday, ByteDance reached a binding agreement to restructure ownership of TikTok's U.S. operations, forming TikTok USDS Joint Venture LLC expected to close on January 22nd.
- Following congressional pressure, the 2024 law ordered ByteDance to divest or face a ban, driven by national security concerns over Chinese influence, as U.S. officials aim to limit Chinese control.
- Under the proposed structure, ByteDance would cut its stake to just under 20%, the joint venture would have a majority-American seven-member board, and American investors including Oracle, Silver Lake, and MGX will hold a 45 percent stake.
- If completed, the deal would preserve TikTok's access to its U.S. market, which has more than 170 million users, while Oracle's shares jumped nearly 5% after the announcement.
- The agreement could set a broader precedent for foreign-owned technology companies under U.S. oversight, though Washington's China hawks may criticize ByteDance retaining a minority stake.
25 Articles
25 Articles
TikTok Reaches White House-Backed Deal With US Investors - American Liberty News
Categories: Culture•Technology Tags: ByteDance, China, Oracle, TikTok TikTok has secured a last-minute lifeline. The social media giant reached a binding agreement Thursday with a Trump-backed group of U.S. and global investors, restructuring its American operations in an effort to avoid a nationwide ban and remain available to its 170 million U.S. users. Under the agreement with its Chinese parent ByteDance, the hugely popular social media app …
TikTok Signs Deal With US Investors to Form Data Security Joint Venture
TikTok has signed agreements with a group of U.S.-based investors to establish a new American joint venture that would oversee data protection and content governance for TikTok’s U.S. operations. The arrangement follows years of negotiations between TikTok and U.S. officials over national security concerns tied to the app’s Chinese ownership. The Associated Press, citing an internal TikTok memo, reported that TikTok CEO Shou Zi Chew told employe…
Explainer: What is so special about TikTok’s algorithm?
The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the app’s Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok’s U.S. app to American and global investors, including cloud computing company Oracle .Read MoreThe post Explainer: What is so special about TikTok’s algorithm? first appeared on The W…
Washington, Dec 19 (EFE).- The Chinese social media giant TikTok reached an agreement that its operations in the United States should be under the majority control of US investors to comply with an executive order from President Donald Trump, signed in September, CBS reported on Thursday. The new structure states that Oracle Corporation and the private capital firm Silver Lake will each have 15% of the US joint venture, while ByteDance, Chinese …
TikTok's Chinese owner, ByteDance, has signed a deal with investors to run the business in the US. But what does this mean for the more than 170 million Americans who use the app? The key could lie in how TikTok's recommendation algorithm is managed "when it changes hands." Social media industry expert Matt Navarra said the question will not be whether TikTok will survive, but "which version of TikTok will survive." Currently, TikTok's system de…
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