Overview
- ByteDance created TikTok USDS Joint Venture LLC with non‑Chinese investors holding 80.1%, including roughly 15% stakes each for Oracle, MGX and Silver Lake, while ByteDance retains 19.9%.
- Adam Presser was named CEO and Will Farrell chief security officer, with a seven‑member, majority‑American board that includes TikTok CEO Shou Chew and representatives from Oracle, Silver Lake and MGX.
- U.S. user data will reside in Oracle’s U.S. cloud under a third‑party audited cybersecurity program, and the recommendation algorithm will be retrained on U.S. data.
- The joint venture has authority over trust and safety policies and content moderation for American users as the app continues serving more than 200 million users and 7.5 million businesses.
- The White House confirmed U.S. and Chinese sign‑off on the deal, though critics note ByteDance’s minority stake and licensed algorithm leave questions about residual influence.