What TikTok’s new owners mean for your feed

TikTok is officially nether caller ownership successful the US, and that could spell large changes for the video-sharing app. On January 22nd, ByteDance - TikTok's Chinese genitor institution - and a radical of investors closed a $14 cardinal woody to rotation disconnected the platform's US operations, introducing a caller slate of American executives.

The Silver Lake concern firm, Abu Dhabi's MGX, and the unreality elephantine Oracle volition each person 15 percent stakes successful the caller TikTok US Data Security (USDS) Joint Venture LLC. ByteDance volition inactive clasp a 19.9 percent involvement successful the company, successful enactment with the divest-or-ban law that went into effect past twelvemonth - though the woody was pushed th …

Read the afloat communicative astatine The Verge.