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in reply to along_the_road

With approval from both the US and China closing on the schedule laid out in December, ByteDance’s ownership of the new joint venture is now only 19.9 percent to satisfy the terms of the divest-or-ban law signed in 2024 by President Biden. The other 80.1 percent is owned by investment firm Silver Lake, Oracle, and Abu Dhabi investment firm MGX — the three “managing investors” that now hold 15 percent stakes — and several other smaller investors, like Michael Dell’s family investment firm.
in reply to along_the_road

Algorithm Security: The Joint Venture will retrain, test, and update the content recommendation algorithm on U.S. user data. The content recommendation algorithm will be secured in Oracle’s U.S. cloud environment.
in reply to along_the_road

This didn't sound bad? Tell me why it's bad. How much money did Trump make on this deal?
in reply to artyom

You don’t think allowing Trump to “adjust the algorithms” is bad?
in reply to artyom

Nah it's better that our benevolent USian overlords have control of it than China cuz China bad.
in reply to Excel

Great now kids are going to want coal for Christmas
in reply to along_the_road

congrats to all the liberals who were bamboozled into supporting this ban during the Biden administration. you got what you wanted, are you happy about it?

don't like this

in reply to spit_evil_olive_tips

The ban had bipartisan support, and even if that all never happened, you'd still be in the same situation. They would have sold off their US business anyway whether they were forced to or just got a big offer.

Keep in mind that TikTok also put out messages during that period practically deep throating Trump and sent it out to all their users. This was going to happen either way.

Ironically, a ban could have prevented this from happening entirely by making TikTok no longer relevant to the US. Not that banning it wouldn't come with other issues as well, of course.

Maybe rather than blaming those in search of a solution, you could try blaming those who created the problem. Friendly fire doesn't do a whole lot of good, but does support Trump, which I'm assuming isn't your goal here.

in reply to TehPers

in reply to spit_evil_olive_tips