What Tiktok’s New Owners Mean For Your Feed

TikTok is officially nether caller ownership successful nan US, and that could spell large changes for nan video-sharing app. On January 22nd, ByteDance - TikTok's Chinese genitor institution - and a group of investors closed a $14 cardinal woody to rotation disconnected nan platform's US operations, introducing a caller slate of American executives.

The Silver Lake finance firm, Abu Dhabi's MGX, and nan unreality elephantine Oracle will each person 15 percent stakes successful nan caller TikTok US Data Security (USDS) Joint Venture LLC. ByteDance will still clasp a 19.9 percent liking successful nan company, successful statement pinch the divest-or-ban law that went into effect past twelvemonth - though nan woody was pushed th …

Read nan afloat communicative astatine The Verge.