US EditionWhite House Says Deal Gives US Control of TikTok Board and Algorithm
U.S. investors, including Oracle, will hold six of seven TikTok U.S. board seats and control the algorithm, addressing national security and privacy concerns, White House says.
- 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.
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305 Articles
»The algorithm will be controlled by America«: According to the White House, the TikTok deal stands. Despite full-bodied U.S. announcements, however, seller China is still covered.
It seems that US President Trump wants to approve the sale of Tiktok in just a few days. In the future, a new US company will control the popular app in the US. It is also said that it will gain access to the algorithm that controls the output of content.
White House: TikTok deal includes algorithm
WASHINGTON — 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. operations, the White House said Saturday.
China's ByteDance will get 1 of 7 board seats for TikTok's US operations, official says
A US-China agreement on TikTok's US operations includes China's ByteDance choosing one of seven board members for the new entity, with Americans holding the six other seats, a senior White House official said on Saturday.
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