TikTok Turmoil: The Contentious Road to American Ownership
The U.S. government's push to transition TikTok to American ownership, underscored by Trump’s order, faces scrutiny and political tensions. Congressman John Moolenaar requests clarity on the new deal, emphasizing full divestment from ByteDance. Skepticism remains regarding ByteDance’s continued influence and the deal’s compliance with the law.
- Country:
- United States
The battle for TikTok's ownership continues as U.S. lawmakers demand clarity on the proposed transition of the social media platform to American control. Congressman John Moolenaar calls for a briefing from the White House, expressing concerns over full divestment from China's ByteDance, TikTok's parent company.
The recent executive order by former President Donald Trump supports a deal placing TikTok into U.S. hands. However, significant questions loom over ByteDance's expected stake and potential influence in the newly structured American venture, sparking fears about law compliance and national security.
As negotiations progress, American technology company Oracle stands poised to oversee TikTok's algorithm to ensure data security. Meanwhile, concerns grow over political influences potentially affecting the platform's valuation, structure, and continued operation in the United States market.
ALSO READ
Trump says China's Xi has approved of proposed deal putting TikTok under US ownership, reports AP.
Strategic Stake: Oracle and Silver Lake Invest in TikTok US
Tech Giants Unite: Oracle, Silver Lake, and MGX Take 45% Stake in TikTok US
New AI risk framework puts a price tag on algorithmic failures and bias
Trump to Seal TikTok Deal with Oracle and Silver Lake
Google News