TikTok Fans, Listen Up! 🎉
Big news just dropped about your favorite app, TikTok! It looks like TikTok isn't going anywhere in the US, thanks to some exciting deals with major players like Oracle and Silver Lake.
According to a memo from Shou Zi Chew, the mastermind at ByteDance, TikTok's parent company, they're cooking up a new joint venture with some seriously cool investors. What does this mean for you? Well, TikTok will keep working its magic in the US, while making sure all your user data is safe and sound right here at home. 🇺🇸📲
So, here's the scoop: by January 22, TikTok's deal with Oracle, Silver Lake, and Abu Dhabi’s MGX is set to seal the deal. This move allows the app to keep running smoothly, bringing more TikTok goodness to your feed!
But that's not all! TikTok's planning to revamp its legendary recommendation algorithm, tailoring it just for US users. That's right, all your trending dances, creative effects, and hot tracks will keep coming your way, free from outside meddling.
Shou Zi Chew wanted to shoutout all the awesome staff who've been working their magic behind the scenes: “Thanks to your hard work, TikTok continues to grow and thrive not just in the US, but all around the world!”
Bringing the heat to this new structure, Oracle, Silver Lake, and partners will each hold a 15% stake in the new TikTok US, while ByteDance will keep a slice of the pie too. This strategic move should keep regulatory worries at bay, ensuring TikTok can keep entertaining and inspiring millions across America. 💥
As the deal unfolds, we'll be here to keep you updated. Until then, keep creating, sharing, and scrolling — TikTok is sticking around, and we can’t wait to see what incredible content you'll serve up next!