Bobby Allen
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Appearances Over Time
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entity will license a version of the Chinese algorithm for American use.
The deal doesn't eliminate Chinese influence altogether.
ByteDance will retain 20% of the new entity, and the algorithm will be licensed from Beijing.
The big question now is how, if at all, the content and the algorithm are reshaped under the new management.
A new entity led by Trump ally Larry Ellison's tech company Oracle will now control TikTok.
an app used by more than half of Americans.
The new ownership averts a nationwide ban of the app.
It was set in motion by a federal law requiring Chinese divestment over national security concerns.
80% of the company will be owned by a consortium of investors that includes Oracle, private equity firm Silverlake, and MGX, an Emirati investment group.
The deal doesn't eliminate Chinese influence altogether.
ByteDance will retain 20% of the new entity.
and the algorithm will be licensed from Beijing.
The big question now is how, if at all, the content and the algorithm are reshaped under the new management.
Musk donated to a group supporting Nate Morris, the Republican in the primary race to succeed Senator Mitch McConnell.
Morris, who has ties to Vice President J.D.
Vance, is a CEO based in Lexington who is critical of the Republican establishment.