TikTok's U.S. Operations Overhauled, American Control Secured
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
TikToks U.S. operations undergo significant changes, with American and allied investors gaining majority ownership and control. Oracle takes charge of cloud systems and data security, while a U.S.-led board oversees operations. ByteDance retains a small stake and business links but no operational control. The deal ensures TikToks continued operation in the U.S. and results in a multibillion-dollar payout to the U.S. government.
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