Overview
- Widespread disruptions peaked with roughly 35,000-plus U.S. outage reports, with users citing login failures, stalled uploads, and reset For You feeds, before partial recovery was reported.
- TikTok USDS Joint Venture said it was restoring services after a power outage at a U.S. data center and was working with its provider to stabilize performance.
- The joint venture is now in place with 80.1% held by American and global investors and ByteDance retaining 19.9%, with Adam Presser named CEO and Oracle, Silver Lake, and MGX each holding 15%.
- Under the deal, U.S. user data resides in Oracle’s U.S. cloud and the recommendation system will be retrained on U.S. data, while licensing of core algorithm technology from ByteDance continues to draw legal and policy scrutiny.
- Senator Ed Markey urged a congressional investigation over a lack of details about the agreement, and Florida officials signaled that the state’s TikTok restrictions remain in force pending clearer assurances.