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“China keeps the algorithm”: Critics attack White House’s TikTok deal | TikTok deal requires US to make its own version of the app.
Trump’s TikTok deal requires US to make its own version of the app.
The president claimed that the extension allows time to finalize a deal that sources told The Wall Street Journal would shift 80 percent ownership to "an investor consortium including Oracle, Silver Lake, and Andreessen Horowitz." However, Trump seems to think that longtime TikTok partner Oracle taking a bigger stake while handling Americans' user data at its facilities in Texas will be enough to prevent remaining China-based owners—which will maintain less than a 20 percent stake—from allegedly spying, launching disinformation campaigns, or spreading other kinds of propaganda. And "it remains unclear to what extent TikTok’s Chinese parent would retain control of the algorithm in the US as part of a licensing deal," FT noted.
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