Indian Clarity

Light. Truth. Clarity.

Loading ad...
Technology

What does a new US TikTok deal mean for users?

TikTok has finalized a deal that allows it to continue operating in the US, establishing a new entity called TikTok USDS Joint Venture LLC, which is majority-owned by American investors. The company's content recommendation algorithm will be managed by Oracle, while TikTok's Chinese parent company ByteDance retains a minority stake.

A smartphone held in someone's hand displays the TikTok logo, with a backdrop of the mpany's logo behind it

A smartphone held in someone's hand displays the TikTok logo, with a backdrop of the mpany's logo behind it

Credit: Co

Key Highlights

  • TikTok USDS Joint Venture LLC is majority-owned by American investors.
  • The new entity is governed by a board of seven directors, including TikTok CEO Shou Zi Chew.
  • ByteDance holds a 19.9% stake in the new US entity.
  • Oracle will manage TikTok's content recommendation algorithm.
  • The deal secures TikTok's operations for its 200 million American users.
Loading ad...

Sources

  1. What does a new US TikTok deal mean for users?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...