Home Business TikToks global headquarters might move to the US to avert a ban

TikToks global headquarters might move to the US to avert a ban

Under the arrangement, TikTok’s headquarters for the entire app, not just its American operations, will move to the US. ByteDance will keep the app’s recommendation algorithm, while TikTok’s data will be “processed independently by Oracle,” according to the FT. American user data will be stored by Oracle in the US.

Donald Trump had previously set a Sept. 15 deadline for TikTok to become an American company or face a ban in the US. Microsoft had also teamed up with Walmart on a bid, which was ultimately rejected

Developing…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Portland officials pass strict ban on facial recognition systems

https://www.engadget.com/portland-facial-recognition-ban-035952590.html

Here’s Why The California Real Estate Market Is Hot

https://www.forbes.com/sites/ellenparis/2020/09/26/heres-why-the-california-real-estate-market-is-hot/

The Secret to Your Company’s Financial Health is Very Important

A coffee break in the United States and elsewhere is a short mid-morning rest period granted to employees in business and industry. An afternoon...

A Look at How Social Media & Mobile Gaming Can Increase Sales

A coffee break in the United States and elsewhere is a short mid-morning rest period granted to employees in business and industry. An afternoon...

Boxtrade Lands $50 Million in Another New Funding Round with IBM

A coffee break in the United States and elsewhere is a short mid-morning rest period granted to employees in business and industry. An afternoon...