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Wait, they don't own US TikTok? Who does?
by pocksuppet 3mo ago
Wait, they don't own US TikTok? Who does?
- Apocryphon 3mo agoI thought it was only 15% of the company.
- thewebguyd 3mo agoTikTok USDS Join Ventures LLC owns 80%, ByteDance still owns a minority stake. Oracle holds 15% & is the hosting provider, Silver Lake has a stake, MGX (UAE state backed firm) owns some as well. But Oracle still manages the content recommendation algorithm and the infrastructure so I'd argue they still have the biggest impact on the platform.