TikTok in the United States is about to see significant change as a new US-based algorithm is introduced in the name of “protecting Americans’ data and US National Security.”
TikTok America arrives on January 22
After over five years of talks to ban TikTok because of supposed national security concerns, a sale is set to be finalized. On January 22, if the Chinese government approves, TikTok in the United States will be 50% owned by investing firms and meet the requirements of the Protecting Americans from Foreign Adversary Controlled Applications Act signed into law by President Biden.
According to a report from the Associated PressTikTok has signed agreements with Oracle, Silver Lake, and Abu Dhabi state-run MGX. These entities will own 15% stakes each, with other unnamed investors bringing it to 50% US investment, and 19.9% will be held by ByteDance, and 30.1% held by affiliates of existing ByteDance investors.
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