The United States government has sealed an agreement to keep Tiktok in operation in the country under the control of US investors, with Oracle responsible for supervising user data security and the recommendation algorithm. The information is from New York Timeswho quoted a high -ranking employee of the White House.
By the plan, the algorithm would be licensed from China to the investor group that will take over the American version of the application. Oracle, along with manager Silver Lake, would be part of the new structure, which would have about 80% capital from US companies. Chinese bytedance and other Beijing -linked shareholders will be less than 20%.
The model complies with a law that provided for the ban on Tiktok if Bytedance kept operational control of the platform in the US. American legislation requires no cooperation with the Chinese company in managing the content recommendation algorithm.
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According to the NOWuser data will be stored in a cloud environment dedicated in the US, managed by Oracle. The company will also have a participation in the business and will monitor changes in technology that supports the platform.
Tiktok will be commanded by a seven -member council, with national and cyber security profile. Bytedance will appoint only one representative, which will be left out of the security committee.
American President Donald Trump extended for another 120 days the deadline for formalizing the agreement, after already granted four extensions. NYT also reported that.
