US TikTok deal gives American investors control, but security questions linger
TL;DR Summary
A $14 billion deal results in Oracle- and Silver Lake-led investors owning the majority of TikTok’s U.S. arm (over 80%), aiming to insulate the app from China and comply with a 2024 law. But crucial questions remain about who actually controls the recommendation algorithm (ownership vs. licensing), how data is stored and protected (Oracle cloud is to be used), and whether the arrangement satisfies lawmakers’ security concerns; bans on government devices may persist and could require new legislation or legal scrutiny.
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