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Technology

TikTok's US assets to be sold to American ownership group, Oracle to control algorithm

"Breaking: TikTok's U.S. assets will be sold to an American ownership group, with Oracle gaining control of user data and the algorithm. Discover the implications now."

BY: 5 min read
TikTok's US assets to be sold to American ownership group, Oracle to control algorithm
Featured image for: TikTok's US assets to be sold to American ownership group, Oracle to control algorithm

In a significant development, TikTok"s U.S. assets are set to be sold to a majority American ownership group. According to a report from CNN, Oracle will take control of the app"s algorithm and U.S. user data as part of the transaction.

This move comes amid ongoing scrutiny of TikTok"s data practices and concerns regarding user privacy. The sale aims to address these issues by placing control of the platform in the hands of American entities.

For more on related coverage, see recent developments in political news.

The details surrounding the sale and its implications for TikTok"s operations in the U.S. are still unfolding.

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