TikTok finalizes deal to form new U.S. entity to avoid ban

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US Tech Giant TikTok Announces New Entity to Comply with Ban.

A year after the US government effectively banned the popular social media app, TikTok has announced plans to form a new US-based entity to comply with the ban. The move comes as part of a deal that allows the company to continue operating in the country while meeting national security concerns.

Under the agreement, a joint venture led by Oracle and Silver Lake will take over TikTok's operations for American users. Abu Dhabi-based MGX will also be involved, owning 45% of the new entity. The remaining 35% will be held by other investors, including Dell CEO Michael Dell's personal investment office and quantitative trading firm Susquehanna International Group.

ByteDance, the Chinese parent company of TikTok, will retain a 19.9% stake in the joint venture, below the 20% cap set by US law. The new entity is expected to be fully operational soon, with plans to "retrain, test, and update" its content recommendation algorithm using data from American users.

The agreement includes safeguards to protect national security, including comprehensive data protections, algorithm security, content moderation, and software assurances for US users. However, concerns remain about whether the new entity meets the threshold of separation from ByteDance required by law.

Lawmakers are set to hold a public hearing on the deal in the coming months, with questions focusing on whether the CCP has influence over the algorithm and whether Americans' data is secure. The move is seen as a significant step towards compliance with US regulations, but its impact on free speech and creator livelihoods remains uncertain.

The decision comes after years of warnings from lawmakers and US officials about the risks posed by TikTok to national security. The Justice Department had previously rejected Oracle's plan to review TikTok's algorithm as insufficient, citing concerns over data protection.
 
😕 I can imagine how scary this must be for creators who rely on TikTok for their income... they're worried about losing their content and audience because of the ban 🤕. It's understandable that ByteDance wants to comply with US regulations, but it's like, what about all the users who don't want to give up their account just yet? 😩 This whole situation is so complex... on one hand, you wanna protect national security, but on another hand, you gotta think about free speech and creators' livelihoods 🤔. I hope lawmakers can figure this out soon, or at least have an open conversation with the community to ease everyone's worries 💬
 
lol what a mess 🤯 this is just great - they're gonna try to control tiktok but still keep it on our servers lol like that's gonna make any difference 🙄 I mean i get it we need security but come on who's really in charge here - ByteDance or Oracle? 🤑 and 19.9% stake from ByteDance is like a big ol' wink to the ccp 😏 can't say i trust this deal any more than the last one 💁‍♀️
 
🤔 I think this is a major win for the US government, but also kinda weird that they had to create a new entity just to comply with their own laws 🙄. Like, why couldn't they just work out a deal with ByteDance from the start? 🤷‍♀️ Anyway, I'm glad that American users will still have access to TikTok, and it's good to see some accountability measures in place 📊. But at the same time, I worry about what this means for creators who rely on TikTok as a platform for their livelihoods 💸. And let's be real, the algorithm is still gonna be owned by ByteDance, so we'll just have to wait and see if it's truly independent 🤔. #TikTokCompliance #NationalSecurity #CreatorConcerns
 
🤔 "Those who know what they want are already on their way." - Ben Stein

The situation with TikTok and the new US-based entity is quite intriguing. It will be interesting to see how this joint venture plays out and whether it addresses the national security concerns. While it's a step in the right direction, there's still uncertainty about the impact on free speech and creator livelihoods.

It's also worth noting that data protection will play a crucial role in ensuring American users' information is secure. The agreement includes comprehensive safeguards to protect this data, which should provide some comfort.

However, concerns remain about whether the new entity truly meets the threshold of separation from ByteDance required by law. Time will tell how this all plays out. 🕰️
 
🤔 I'm still trying to wrap my head around this deal. Creating a new entity just to comply with US regulations feels like a band-aid solution to me 🤕. I mean, what's to stop ByteDance from exerting influence over the new company through their 19.9% stake? It's just not enough to put minds at ease for me. 😒
 
I'm not sure I'm comfortable with this new setup... it just seems like a lot of hoops for them to jump through 🤔. I mean, creating a whole new entity and whatnot just because the government is breathing down their necks. In my day, we didn't have all these fancy regulations and whatnot. We just used social media and enjoyed ourselves. And TikTok was always a bit sketchy, if you ask me... but I guess that's just part of its charm 😜.

Now they're saying they'll be retraining their algorithm using American user data? That just seems weird to me 🤷‍♀️. I mean, what's next? Are they going to start monitoring our Netflix history or something? 😳 I don't know... it all just feels a bit too much for me.

And I'm not even getting started on the whole "separation from ByteDance" thing 🤯. It's like, can we just have some trust in these companies and their ability to handle our data responsibly or something? 🙄
 
I'm kinda surprised they're doing this 🤔. I mean, it makes sense that they wanna stay in the US market, but at what cost? It feels like a huge compromise 🤑. They're basically gonna have to give up control of their own algorithm and let Oracle and other investors decide how things go down 📊. And what about creator livelihoods? Are they just gonna be left high and dry? 💸 It's all about finding that balance between security and free speech, but it feels like a tough pill to swallow 💔
 
I gotta wonder, what does this whole thing say about how we value our online freedoms? 🤔 I mean, on one hand, it's good that they're trying to meet the regulations and keep us safe from potential national security threats. But at the same time, it feels like we're sacrificing some of that freedom in the process.

It makes me think about the old saying "you can't have your cake and eat it too". We want TikTok to be able to operate here without any issues, but doing so means they gotta make some changes to their algorithm and data collection practices. It's a trade-off, right?

But what's really important is that we're having these conversations and pushing for transparency. It shows us that we care about what's happening online and want to make sure our voices are being heard. So yeah, I'm all for accountability, but let's also be mindful of the impact on creators and users like us 🤷‍♂️
 
I'm curious to see how this new entity will pan out 🤔. On one hand, it's a pragmatic solution that allows TikTok to continue operating in the US, but on the other hand, there are still valid concerns about the CCP's influence and data security 🔒. The fact that ByteDance retains 19.9% of the new entity raises questions about whether the separation from their parent company is truly sufficient 🤷‍♀️. I'm also intrigued by how this will affect free speech and creator livelihoods – will it lead to a more controlled environment or simply a rebranding effort? 📺
 
I'm kinda worried that this new entity is just a Band-Aid solution 🤕. I mean, it's not like ByteDance is going anywhere, and we're still left wondering if our kids' info is really safe with the CCP involved 🙅‍♂️. And what about all those creators who rely on TikTok for their livelihoods? Are they just going to be left high and dry when this "new" entity is up and running? 😞 It's like, we're supposed to trust that Oracle and Silver Lake are doing the right thing, but how can we be sure? 🤔
 
🤔 I'm still not convinced this new entity is going to fix all our worries. They're basically saying "trust us" and that's not good enough 🙅‍♂️. What if it's just a watered-down version of TikTok? Will they really be able to keep the CCP out of the mix? I mean, I get that they need to comply with US laws, but this feels like a Band-Aid solution at best 💸. And what about all the creators who rely on TikTok for their livelihoods? Are we just going to abandon them because of some government "concerns"? 🤷‍♂️ It's a tough one to swallow.
 
🤔 I think its weird that they gotta make a whole new company to avoid a ban lol... like, why not just fix the issues they already knew were there? 🙄
 
🤔 so i'm not sure if this is a good thing for tiktok or not... on one hand, it's a step towards compliance with the ban and it's good that they're taking steps to address national security concerns 💻. but at the same time, i'm worried about the new entity and how it'll work with byte dance... will they be able to separate themselves completely? 🤷‍♀️ and what about free speech and creator livelihoods - are we sacrificing those for the sake of security? 📊 it's all a bit murky right now...
 
This is a good move for TikTok, lol 🤔. I mean, can't blame them for wanting to stay in the US market - it's a huge one 📈. But what worries me is that this new entity might just be a fancy spin on the same old algorithm 🤷‍♂️. I hope they really do "retrain, test, and update" their content recs algo, or else we'll still see all the same issues 😐.

And can we talk about how weird it is that Oracle and Silver Lake are involved in this joint venture? Like, what's in it for them besides getting a piece of TikTok pie 🍰? And what about ByteDance keeping 19.9% ownership? That seems like a pretty big handout to me 🤑.

I'm also low-key concerned about the safeguards in place to protect US users' data and national security 🚫. I mean, it's all well and good to have comprehensive data protections and algorithm security, but can we really trust that these new measures will actually work? 🤔 Only time (and a public hearing or two) will tell.

Overall, I think this is a step in the right direction for TikTok, but let's not get too excited just yet 😎. There are still plenty of questions to be answered before we can say that this new entity is truly trustworthy 💯.
 
🚨💥 Oh man, this is a total win for the government on regulating social media 🤯. I mean, who needs free speech when you can have national security, right? 😂 But seriously, it's kinda scary how much control they're giving to Oracle and Silver Lake over TikTok's operations in the US. And what about all the creators who lost their livelihoods because of this ban? 🤕 The new entity is supposed to 'retrain, test, and update' its algorithm using American data, but can we trust that it won't just be a watered-down version of the original? 🤔 It's also weird that ByteDance still gets 19.9% ownership... feels like they're just playing along for now 🤑 And those lawmakers are gonna have a field day questioning whether Americans' data is secure 🚨.
 
🤞 I'm not sure if this is gonna work out 🤔 but I think it's a good first step for TikTok to comply with the ban 📊. Forming a new US-based entity and involving some big players like Oracle and Michael Dell's office shows they're taking national security concerns seriously 💻. But still, there are so many questions about whether this new entity can truly be separate from ByteDance and protect American users' data 🤥. Fingers crossed it all works out without any major hiccups 😅.
 
I'm telling ya, this whole deal with TikTok is fishy 🤔. They're just trying to get in on the good side of the US government while still keeping their ties to China super close 🔒. I mean, have you seen who's involved in this joint venture? Oracle and Silver Lake are basically big shots, but Abu Dhabi-based MGX is like a mysterious entity lurking in the shadows 🤫. And what's up with ByteDance retaining 19.9% of the new entity? That's still way too much control for my taste 👀.

And don't even get me started on the data protections and algorithm security. I'm sure it's just a bunch of empty promises to calm us down 🙄. We need real transparency here, not some half-baked solution to appease lawmakers. This whole thing reeks of a cover-up to me 🚫. Can we really trust that Americans' data is secure? I don't think so... 🤥
 
So I'm still trying to wrap my head around this... 🤔 A year ago, TikTok was basically shut down in the US and now they're creating a new company? Like, what even is that? 😂 But seriously, it seems like a good compromise for everyone involved. The fact that Oracle and Silver Lake are leading the new entity makes me feel a bit better about my data being safe 🙏.

I'm still worried about the free speech aspect though... if creators are gonna be super cautious with what they post because of this new "algorithm" 😒, I don't know how TikTok is gonna survive. And what about those who can't afford to lose their online presence? 🤷‍♀️ The deal seems like a good start but we'll just have to wait and see how it all plays out 🎮.

It's interesting that the CCP (or whatever you wanna call it) still has some influence over this new entity. Like, can they really be trusted with American users' data? 🤔 I don't know man... I'm just gonna keep an eye on this situation and see how it all shakes out 💯
 
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