Trump Executive Order Will Hand TikTok Over to US Investors

Thursday, ours President Donald Trump has signed an executive order Transfer of ownership Including US operations in a group of American investors, including the US operation Oracle Cofounder Larry EllisonThe

“I had a very good talk to President Shi,” Trump said at a White House press conference. He acknowledged that he would like to get some resistance from the “Chinese party”. On Thursday afternoon, the Chinese government has not issued a declaration to recognize the agreement.

Vice President JD Vans said the agreement paid a ticket for about $ 1 billion. Was the demonstration Price is 330 billion As in August. Trump and his Treasury Secretary, Scott Besent both gave Vans the contract to play an important role in brokering.

According to Trump, Larry Ellison, Michael Del and Rupert Murdoch “are among the” four or five “American investors who will conduct US activities in Tickets, according to Trump. “Oracle is playing a very big role,” he said at the press conference. Vans mentions that the entire list of investors will be published in “arriving days”.

The details of the agreement are still unknown. “What this deal is confirmed is American entity and American investors will actually control the algorithms,” said during the Vans Briefing. “We don’t want it to be used as a foreign government propaganda tool.”

It is not clear whether Bidance will be responsible for the management of Tickets in the United States. To this point, Tikatok has a bet on the US- and China-based staff to distinguish data access to national security concerns. However, a global platform such as tickets inevitably requires different sections and geographical branches to access data from each other, making a clear separation impossible. In Congress and Washington, more extensively to many, the involvement of any new US tickets will violate the law. On the Flip Side, if licensing is basically equal to buying a copy of the bylined source code, it is hard to see it as a violation of Chinese law.

It is also unclear that US users will now be forced to move to a new app and whether their other parts of the world will be served differently than users.

The White House Press Secretary Karolin Levit said Monday that there would be no difference. However, although the pool posted on the platform is the same, the recommendations can indicate changes in algorithms inherently that users see different things. Tiktok is one of the first social networks where the content algorithm decides irresistiblely with the experience of a user, against the previous platforms that prioritize personal connections and self-labeled interests. This means that users have less control over what they see on your page.

There is widespread concern that the Trump administration is willing to censor its allies to control the media and social media that does not support it to censor. Oracle founder Larry Ellison has a close relationship with the Trump administration to play an important role in the new ticket entity. CBS, which is now owned by his son David Elison’s Paramount Skydance Corporation, recently canceled The late showWhose host is Stephen Calbert, a frequent Trump critic.

On Thursday, a reporter asked if the deal refers to the more Maga content of Tiktok, “If I could, I would make the algorithm related to 100 percent. But unfortunately it would work that way. Everyone would be treated fairly.”