Full details have yet to be released on the deal, which would give an American tech firm control of the platform’s algorithm for US users.
Breakdown
- Oracle will take over TikTok's algorithm for U.S. users to avoid a ban.
- The deal gives Oracle a copy of the algorithm to address U.S. concerns about content manipulation. 10s
- TikTok's U.S. operations will be majority-owned by American investors and overseen by a security-focused board. 26s
- Oracle will independently monitor and secure U.S. user data, which will be stored in the U.S. 34s
- The deal follows legislation requiring ByteDance to sell TikTok's U.S. operations or face a ban. 52s