Apps
It looks like TikTok will not be banned in the US
I’m honestly surprised this deal went through.

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In the ongoing saga that is TikTok, one thing is for sure – nothing has been normal about any of this. Now, to continue that trend, it seems that a deal has been reached between
So, this deal is nowhere close to what anyone was expecting going into this. Essentially, a new company is being formed and Oracle and Walmart will own 20% of this new company. ByteDance will own the other 80%. It also should be pointed out here that ByteDance ownership is close to 50% US investors, so US presence in the new company will definitely be high.
NPR also notes that four out of five board members on the newly formed company will be American.
The whole thing is weird and at the end of the day, one could argue that not much happened. US employees for
One thing about this deal that is a win for everyone is that the algorithm that
Finally, this new proposal could technically be stopped, as it will need approval from the Committee on Foreign Investment in the United States which previously stated that ByteDance should be totally removed from
We’ll see what happens.
What do you think? Are you glad that
Editors’ Recommendations:
- TikTok is suing the Trump administration because they think the app ban is bullshit
- A data scientist has claimed that Facebook ignored blatant political manipulation across the globe
- Facebook is taking a stand against bullshit posts related to the Oregon wildfires
- Facebook and Twitter say Russia is at it again with disinformation campaigns ahead of the election
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