"The Chinese government has implied it may block export of TikTok's AI systems, so that might complicate a direct sale," said Tiffany Li, a visiting professor at the Boston University School of Law. FILE - In this July 17, 2020, file photo, a man wearing a shirt promoting TikTok is seen at an Apple store in Beijing, China. A person familiar with the deal told The Wall Street Journal that ByteDance wouldn’t technically be an owner of TikTok Global because the shares would be given to ByteDance investors. Plan out what you're going to do (as much as you can), and try to be relevant, funny and interesting. President Donald Trump signed an executive order in August that bars any US transactions with TikTok’s Chinese parent company, ByteDance, saying the data TikTok collects “threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information.” The data could allow China to track the location of federal employees and contractors, the executive order said. But what does all this mean for Australians? TikTok is a user-generated video platform geared toward teenagers. It remains to be seen if TikTok users will seek a new platform—or if they will feel the need to if the app is “safe” thanks to a possible purchase by Microsoft. Four of the five members on TikTok Global’s board of directors will be American. HONG KONG (AP) — ByteDance, the Chinese company that owns the popular video-sharing app TikTok, has chosen Oracle over Microsoft as a new American technology partner to help keep the app operating in the U.S. TikTok confirmed the decision Monday, echoing earlier statements from Oracle and the U.S. treasury secretary. The potential for the Chinese Communist Party to demand access to user data through its National Intelligence Law will still be of concern, as the law applies to any Chinese-owned company (and being the majority stakeholder may be enough to enable such powers to be applied). Keep the normal marketing tricks in mind (people respond better to faces; human minds remember something after seeing is seven times; brighter is better), but otherwise, if you find out, let me know. Oracle, in confirming it was the winning bidder Monday, didn’t refer to the deal as a sale or acquisition, instead saying it was chosen as TikTok’s “trusted technology provider.”. Anjum Naveed/AP FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. So it could provide cloud services such as storing TikTok's data in the U.S., or computing services for the app. Users scroll through a newsfeed, react to content, and navigate with hashtags.

If the deal goes ahead — and that is far from certain — most users will not notice any difference. But Ken Glueck, Oracle executive vice president, said in a statement that “upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global.”. If you've come across the letters CC on TikTok, you either feel indifferent, annoyed — or totally relieved. Some critics say the company is violating children's privacy laws. There’s no need to worry if you have been – you can always wait out the two weeks, and then make sure that when you have your account back … Oracle’s surprise win in that deal over more familiar names such as Amazon Web Services was a public relations boon for Oracle. Walmart was an unexpected contender for the TikTok Global partnership, but it makes sense; access to the TikTok user base opens significant marketing opportunities for Walmart to benefit from a large, younger audience. What did he do?’ Boxing legend Tszyu chimes in on talk of Khabib being awarded top honor — DHT Sport News, Got a new phone? A federal judge could issue an injunction to temporarily halt it. This field is for validation purposes and should be left unchanged. Unlike music streaming apps that are designed for consumption, TikTok, which has a social component to it, allows two-way interaction between artists and fans, who can lip-synch, hand-dance and remix their idols’ songs often as part of the platform’s hashtag challenges. "One of TikTok's competitive advantages is its AI-backed video recommendation system.". Oracle and Walmart would get a combined 20% stake in a new company called TikTok Global, which is expected to go public in the next year. The U.S. has given parent company ByteDance a Sept. 20 deadline to complete a sale of TikTok's U.S. assets to an American company, or risk being banned in the country.

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