Post #4936

📰 TikTok Strikes Deal for New U.S. Entity, Ending Legal Saga TikTok’s Chinese parent company, ByteDance, has struck a deal with a group of non-Chinese investors—including Oracle, MGX, and Silver Lake—to create a new American TikTok, ending a six-year legal battle that threatened the app’s existence in the U.S.. ​ Who Owns What? The new U.S. TikTok will be majority-owned by American and non-Chinese investors, with Oracle, MGX, and Silver Lake each holding 15 percent and ByteDance retaining just under 20 percent. The majority of the board will be American, and Adam Presser, TikTok’s former head of operations, will serve as CEO. ​ Security Concerns and Skepticism The deal is designed to address U.S. national security concerns about Chinese control, but critics warn it may not fully sever ByteDance’s influence. ByteDance will still license its algorithm to the U.S. entity, raising doubts about whether the arrangement truly ends the “operational relationship” between the two companies. Who Controls the Content? Some worry that the new owners, many with ties to President Trump, could shift TikTok’s content moderation and feed algorithms to reflect U.S. government or presidential views. “We may have traded fears of foreign propaganda for the reality of domestic propaganda,” said Georgetown professor Anupam Chander. ​ #TikTok#ByteDance#Oracle#Trump#USChina#Tech#NationalSecurity 📱American Оbserver - Stay up to date on all important events 🇺🇸