US EditionTikTok Deal Is Done; Trump Wants Praise While Users Fear MAGA Tweaks
TikTok USDS Joint Venture LLC places majority control with Americans while ByteDance retains 19.9% stake in a $14 billion deal to address U.S. security concerns.
- On Thursday, TikTok announced the TikTok USDS Joint Venture LLC in a press release to keep TikTok operating in the U.S., noting the new entity includes investors such as Oracle.
- Under U.S. pressure, TikTok was compelled to shift to American-majority ownership, with President Donald Trump calling it a "qualified divestiture" while critics note the law requires ending any "operational relationship" between ByteDance and TikTok and lawmakers have not analyzed the deal.
- Adam Presser has been named CEO, Will Farrell chief security officer, three managing investors—Silver Lake, Oracle, and MGX—each hold 15 percent, and ByteDance retains 19.9 percent with Americans controlling the seven-member board.
- When U.S. users opened the TikTok app today, they faced a pop-up requiring agreement to privacy policy changes that include precise location tracking, AI data collection, and expanded ad targeting beyond the app.
- ByteDance will continue to own the algorithm and manage global commercial functions, but President Donald Trump claims it's a win despite unresolved Congress national security concerns.
45 Articles
45 Articles
Chicago Tribune
By BARBARA ORTUTAY TikTok finally concluded an agreement for the popular video platform to continue its operations in the United States after years of uncertainty, but questions remain as to whether the user experience will be different and whether the changes really address security concerns around the app. This is what we need to know about the agreement, which created a new joint venture of TikTok in the United States, after the video platfor…
Malay Mail
AlKhaleej TodayHow TikTok grew into a global powerhouse — and why the US demanded a takeover
WASHINGTON, Jan 24 — Video-sharing platform TikTok has over a billion users worldwide, including more than 170 million in the United States, it says—nearly half the country’s population.Here is a closer look at the app, which on Thursday announced it had established a majority American-owned joint venture to operate its US business:Born in ChinaTikTok’s transformation from niche video app to global digital entertainment powerhouse is one of the …
Washington, United States. After a long legal battle, TikTok has set up a largely American-owned company to run its business in the United States, thus preventing it from becoming no longer available in the country.It is still unclear whether the 200 million users in the United States will notice any difference in their online experience.After the agreement, users do not need to download a new application. They were only asked to accept the new …
TikTok Is Now Collecting Even More Data About Its Users. Here Are the 3 Biggest Changes
According to its new privacy policy, TikTok now collects more data on its users, including their precise location, after majority ownership officially switched to a group based in the US.
Social media: TikTok announced Thursday that it has finalized a deal that will keep the popular platform accessible in the US. This means that…
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