Deal to Save TikTok from US Ban
JD Vance is reportedly set to announce a deal to save TikTok from being banned in the US, potentially including changes to the algorithm. The deal involves ByteDance maintaining some equity, with data storage by Oracle and US equity holders retaining control. The ban was initially planned by the Biden administration but was temporarily averted.
Key Points
- JD Vance partnering with investor group to save TikTok
- ByteDance to maintain small equity, data storage by Oracle
- US equity holders to retain controlling stake in new company
- Ban temporarily averted by potential deal
Pros
- Potential to save TikTok from US ban
- Involvement of JD Vance in quarterbacking the deal
- ByteDance maintaining some equity
Cons
- Concerns over TikTok's data collection practices
- Uncertainty regarding algorithm changes
- Ongoing national security concerns