"I want to take this opportunity to thank you for your continued dedication and tireless work. Your efforts keep us operating at the highest level and will ensure that TikTok continues to grow and thrive in the U.S. and around the world,"
"With these agreements in place, our focus must stay where it's always been-firmly on delivering for our users, creators, businesses and the global TikTok community."
"enjoying the same experience as today"
"ensure the content feed is free from outside manipulation,"
Binding agreements establish a new TikTok U.S. joint venture slated to close Jan. 22. Half of the U.S. venture will be owned by investors including Oracle, Silver Lake and MGX, each holding 15%; ByteDance will hold 19.9% and affiliates of existing ByteDance investors will hold 30.1%. The U.S. venture will have a seven-member majority-American board and will operate under terms aimed at protecting Americans' data and U.S. national security. U.S. user data will be stored locally in a system run by Oracle, user experience and global advertising delivery will remain unchanged, and the algorithm will be retrained on U.S. user data to guard against outside manipulation. Other investors were not identified and TikTok and the White House declined to comment.
Read at Fortune
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