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Who Owns TikTok Now?
We asked the question: who owns TikTok? In this article, we will discuss the ownership of the popular video-sharing app, as well as its recent deals with Oracle and ByteDance. This article will also look at the Chinese government’s position on TikTok. This article also explains who owns TikTok and how that could affect the company’s business in the future.
ByteDance
In a recent interview with the Wall Street Journal, Graham Webster, editor-in-chief of the Stanford University Cyber Policy Center and Stanford-New America DigiChina Project, said that the two companies have an ongoing relationship. In some cases, employees said that senior leadership decisions are made by Beijing-based actors unknown to them, while other times, managers are handing down key product decisions after talking to Beijing officials. This may interest you : How to Duet in TikTok. Employees said they were wary of entering sensitive information into the.cn domain, and two of them did work on ByteDance-related products occasionally.
The UK is unlikely to ban TikTok, but there are concerns about the company’s data security. However, the company has also shown a willingness to cooperate with government officials. It invited parliamentary committees to visit its offices and analyze its algorithm. This has raised the question of whether ByteDance will face legal ramifications in the US. In the meantime, the company appears to be responding positively to the criticisms of its service.
Oracle
It looks like the company Oracle owns TikTok is doing just that. The company, which uses artificial intelligence in its video-sharing app, had been subject to a deal with Microsoft, but that deal went nowhere. The Wall Street Journal reports that a panel of U. See the article : What Does SMH Mean on Ticktok?.S. security officials ordered the Chinese company to sell off its US operations, and Oracle emerged as the winning bidder. It should be noted that Oracle’s founder is an open supporter of President Donald Trump.
The company had discussed a minority stake in TikTok last fall, but that deal did not come to fruition. However, it’s now the third largest company on Google Cloud, and was once the world’s biggest data host. As part of the deal, Oracle will store TikTok’s U.S. user data on its servers, and it will retain servers in Singapore and Virginia for backup purposes. Oracle’s US data centres will also protect TikTok’s data from being accessed by ByteDance, which is a Chinese competitor.
Oracle’s interest in managing TikTok’s business
In a move that is likely to stoke political tensions, Oracle is eyeing the TikTok business. The company, which is owned by Chinese tech giant ByteDance, has a billion users worldwide and a large amount of traffic. Previously, the company stored its user data in Singapore and Virginia, but the move now reflects concerns raised by U. Read also : How to Live in TikTok.S. regulators about the integrity of the data. The deal is expected to take place within a year, says Albert Calamug, member of TikTok’s U.S. security public policy team.
While the potential sale is a good deal for both companies, it is not clear whether Oracle’s interest is a long-term investment for the company. As an investor, I believe Oracle will be able to bring more attention to TikTok, which is a disruptor in the video and social media space. Besides, China has recently restricted the export of artificial intelligence technology. So, while the deal might not include an algorithm that uses deep learning to understand consumer behavior, it could be worth a lot to the company.
Chinese government’s stance on TikTok’s ownership
The Chinese government’s stance on Tiktok’s ownership is highly concerning. The CCP has been gathering user data for years to strengthen its biometric database. Now, as China expands its influence internationally, TikTok is poised to become the Trojan horse for mass surveillance. But how do we protect ourselves from this? The Chinese government has been demanding that the biggest tech companies reveal their data.
In response to the criticism, two senators from both parties have called for a “rigorous assessment” of the risk of TikTok’s ownership. Senators Chuck Schumer of New York and Republican Tom Cotton of Arkansas have both written memorandums about the app. In one of the memos, the senators expressed concerns that the Chinese government could target the short-form video app to influence the U.S. elections. However, this is all speculation, and TikTok is likely to remain subject to Chinese law.
