"China keeps the algorithm": Critics attack Trump's TikTok deal
9 hours ago
- #National Security
- #TikTok
- #US-China Deal
- President Trump extended the deadline for ByteDance to divest TikTok ownership to December 16.
- A deal is being finalized where 80% of TikTok's ownership would shift to a US investor consortium including Oracle, Silver Lake, and Andreessen Horowitz.
- Existing ByteDance investors like Susquehanna International, KKR, and General Atlantic will also join the consortium.
- TikTok's board would become 'American-dominated,' with one member designated by the US government.
- China will retain the TikTok algorithm, licensing it to the US instead of transferring ownership.
- US users may get a glitchier version of TikTok as engineers re-create content-recommendation algorithms for the US app.
- Content from US users will still be available globally, and vice versa.
- Congress may intervene if national security concerns persist after the deal is finalized.