Tiktok is no longer Chinese in America, here are the company's new owners
TikTok has transitioned to US-led ownership, ending a geopolitical standoff. A new entity, TikTok USDS Joint Venture LLC, now manages operations, with a majority-American board and Oracle as technological steward. ByteDance retains a minority stake. This move aims to satisfy US national security concerns, with the algorithm now exclusively trained on American user data.
TikTok has transitioned to US-led ownership, ending a geopolitical standoff. A new entity, TikTok USDS Joint Venture LLC, now manages operations, with a majority-American board and Oracle as technological steward. ByteDance retains a minority stake. This move aims to satisfy US national security concerns, with the algorithm now exclusively trained on American user data.
