Overview
- U.S. and international investors will hold about 80.1% of TikTok USDS Joint Venture LLC, with Oracle, Silver Lake and MGX at 15% each, while ByteDance retains 19.9%.
- Adam Presser was appointed CEO and Will Farrell chief security officer, as a seven‑member, majority‑American board takes oversight that includes TikTok CEO Shou Chew.
- U.S. user data will reside in Oracle’s secure cloud with third‑party cybersecurity audits, and the recommendation algorithm will be retrained on U.S. data.
- A White House official said the United States and China approved the deal, keeping the app available to more than 200 million U.S. users and 7.5 million businesses.
- Critics say ByteDance’s minority stake and the reported licensing of the algorithm may leave questions about influence and operational ties even as the U.S. venture leads trust and safety.