US EditionThe Source |JD Vance Says TikTok’s Future In U.S. Secure After Deal Limits ByteDance Control
JD Vance said over 80% of TikTok's U.S. operations are owned by American investors to address data security and national security concerns, valuing the business at $14 billion.
- Earlier this year, an executive order was issued that endorsed a plan for TikTok's U.S. operations to transition to a new joint venture ownership structure.
- The order followed bipartisan concerns over TikTok's ties to Chinese parent ByteDance and data security, while ByteDance and the Chinese government have not confirmed or enabled the deal.
- Vice President JD Vance said American investors will own over 80% of the new entity, with ByteDance holding less than 20%, and Oracle managing a secure cloud for U.S. user data.
- Vance expressed strong assurance that the company has been effectively distanced from TikTok’s global operations, allowing for firm control over user data security and reinforcing national security measures.
- The agreement allows TikTok to remain active in the United States with a new ownership structure and establishes measures to control data access and algorithm management amid ongoing government oversight.
11 Articles
11 Articles
TikTok: A little help from Trump’s friends
“Crony capitalism has reached a new low,” said David French in The New York Times. After months of defying Congress’s 2024 TikTok ban, President Trump last week unveiled a deal with the video app’s Chinese owner, ByteDance, that fails to resolve national security concerns and places yet another media outlet in the hands of “his billionaire allies.” The U.S. investor group that will own about 80% of TikTok includes Oracle and the venture capital …
The Source |JD Vance Says TikTok’s Future In U.S. Secure After Deal Limits ByteDance Control
Vice President JD Vance expressed confidence this weekend that TikTok can continue operating in the United States without posing national security risks. Speaking on Fox News Sunday, Vance said he… The post JD Vance Says TikTok’s Future In U.S. Secure After Deal Limits ByteDance Control appeared first on .
J.D. Vance: Trump's TikTok Deal Will Protect American User Data from China
Vice President J.D. Vance expressed confidence that the Trump administration's TikTok deal will effectively separate the app from its Chinese parent company, ByteDance, and ensure the security of U.S. users' data.
Vance expressed optimism on Sunday about the future of the social network TikTok in the US
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