U.S. would control TikTok’s board and algorithm under emerging deal with China, White House says
PositiveFinancial Markets

The White House has announced a significant deal regarding TikTok, stating that Oracle will oversee the app's data and security. This arrangement ensures that Americans will hold six out of seven board seats, giving them substantial control over the platform. This move is crucial as it aims to address national security concerns while allowing TikTok to continue operating in the U.S., potentially easing tensions between the U.S. and China.
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