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>A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake and Chinese shareholders owning the rest, the report said. It
by hollerith 1y ago
>A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake and Chinese shareholders owning the rest, the report said.
It would've been better for the mental health of our country if it had been banned (along with Instagram Reels and Youtube Shorts).
- acheron 1y agoThe good news is, I can’t see “being owned by Oracle” as anything other than a death sentence.
- miohtama 1y agoLawyerTok
- SilverElfin 1y agoI doubt it. Oracle has a booming datacenter and cloud business right now. Their role is to host the data in a US jurisdiction, which they can do. It won’t affect the success or failure of TikTok. And frankly it won’t give TikTok users privacy since the data can still be accessed by software written by Chinese employees.
- bl4kers 1y ago> since the data can still be accessed by software written by Chinese employees. Source?
- archerx 1y agoYea, I’m sure the sociopaths at oracle have the fingers on the pulse of the younger generations. They’re just going to up the censorship and enshittfy it resulting in its users moving on the next new thing.