Congress Doesn’t Seem To Know If The Tiktok Deal Complies With Its Law

TikTok yet closed a woody meant to bring it into compliance pinch nan rule that should person banned it a twelvemonth ago, and nan lawmakers who passed that rule still don't look to cognize what's going on.

The institution announced Tuesday that its US work is now portion of nan abstracted TikTok USDS Joint Venture LLC, pinch genitor institution ByteDance holding conscionable a 19.9 percent liking successful that caller entity. The remainder is owned by Oracle and finance firms Silver Lake and MGX, arsenic good arsenic smaller investors including Michael Dell's family finance firm. Oracle will shop US information and nan associated task will "retrain, test, and update nan contented proposal algor …

Read nan afloat communicative astatine The Verge.