Tea to Technology@lemmy.zipEnglish · 2 days agoTrump plans to announce a company called TikTok America, with a 50% stake for US investors and 19.9% for ByteDance, which would license the algorithm.www.capitalbrief.comexternal-linkmessage-square2fedilinkarrow-up17arrow-down12cross-posted to: [email protected]
arrow-up15arrow-down1external-linkTrump plans to announce a company called TikTok America, with a 50% stake for US investors and 19.9% for ByteDance, which would license the algorithm.www.capitalbrief.comTea to Technology@lemmy.zipEnglish · 2 days agomessage-square2fedilinkcross-posted to: [email protected]
minus-squareTeaOPlinkfedilinkEnglisharrow-up1·2 days ago The proposed structure would involve TikTok America being roughly 50% owned by new US investors and licensing TikTok’s algorithm from ByteDance. Existing investors in ByteDance would have a roughly one-third stake, while ByteDance would retain a 19.9% stake, according to the report.
1·2 days ago