Here’s what’s happening right now with the US TikTok deal

TickOwn ownership of the Chinese company, the Chinese government is now at the center of controversy in the United States for four years due to concern about the potentially accessible user data.

As a result, US users are often caught in the middle of this excitement. Earlier this year, the app had experienced a temporary confusion in the United States that had dropped millions of users in suspense before a speedy recovery. Tickets were back to the App Store and Google Play Store In February.

Several investors are competing for the opportunity to buy the app and if there is a contract, the evaluation of the US business on the platform may be further upward $ 60 billionAngelo Jino, senior vice president of CFRA Research, is estimated.

After widespread discussion and extending the Tiktok ban on the fourth time for the fourth time, it seems that progress has been made. Last week, President Trump Declaration Chinese President Xii approved a ticket agreement, allowing US investors to control the platform to a consortium. Byrights have publicly stated that it will confirm that the platform is available for American users.

Who will owns the ticket in the US?

Recently, A “framework” agreement Is reported to have been established between the United States and China New data published It indicates that a consortium of investors, including Oracle, Silver Lake and Andresen Harovits, can oversee the US activities of a consortium ticket.

These investors are expected to keep 80% partnerships, and the rest of the shares include Chinese stakeholders. The new entity board will be mainly composed of US members, a member appointed by the US government.

On the weekend, Trump Mentioned Fox is going to play a role in the interview with Rupot Murdoch and his son Laclan Oracle’s executive chairman Larry Ellison and Dell Technologies CEO Michael Dell.

Oracle can manage the app’s protection and protection systems. The company already provides cloud services for Tikatok and operates user data in the US, Oracle has previously created a bid for Tiktok in 2020.

Additionally, as part of the proposed system, a new US version of Oracle will replicate and secure a new US version of Algorithm, a White House official said. US -based ticket owners can lease algorithm from bidance, which Oracle will then re -training.

Bidance will not have access to information on Tickets’ US users or any effects on US algorithms.

What should users in the United States know

Report From Blomberg Indicate that when the agreement is finalized, the Tiktok application will be closed in the United States and users will need to be transferred to a new platform. However, the specific details of this platform remains unclear, including its features and how it is different from the original application.

How did we get here

To fully understand this high-level drama, we will first visit the timeline of Tiktok’s turbulent relationship with the US government, resulting in various legal battles and discussions.

The drama first started August 2020When Trump signed an executive order to ban transactions with parents.

A month later, Trump’s administration tried to force Tickets’ US activities at a US -based organization. Microsoft, Oracle and Walmart were among the top competitors. However, a US judge temporarily Blocked Trump’s executive order, allowing Tikatok to continue to work while uncovering legal war.

Last year issues began to make more progress after the change in the administration of the Biden. After Senate Has passed the bill against the tikatok, President Joe Biden This is the signature.

Response, Tickets have sued the US governmentIt is advisable to challenge the constitutionality of the ban and violate the app and its American users’ first amendment rights. The company has consistently denied that it has created a security threat, emphasizing that data stored in the United States complies with all local laws.

Towards today’s fast forward: Trump The heart has changed since its first term and is trying to achieve 50-50 ownership arrangements between Bytedance and a US company.

There are several contestants including Ticket A consortium organized by the founder of the project Liberty Frank McCortThe The investment agency of this group has the support of Googenheim Security and Law Agency Kirkland and Ellis. Supporters include Reddit co-founder Alexis OhanianTV personality and investor Kevin O’LariThe World Wide Web Team is the inventor of Burners-Lee and veteran research scientist David Clark.

American Investor is led by another group known as Consortium Recruiter.com Founding Jesse Tinsley And include the co-founder of Roblox David BasjukiAnkarez Digital Co-Founder Nathan McColley and Famous YouTube MRBistThe

Includes others running Amazon, Applevin, Microsoft, Confusion AI, NoiseWalmart, Joop, former Activision CEO BobbyAnd US Treasury Secretary Steven Munuchin.

The story has been updated after the release.