America Beijing Boycott ByteDance China Export Exports Joint Venture Online Video Oracle Revenue Social Media Technology TikTok
The controversial content recommendation algorithm of TikTok is back in the spotlight following ByteDance’s pact to form a joint venture with Oracle and global investors, aiming to hand control of TikTok’s U.S. operations to American interests. This move attempts to mitigate a looming U.S. ban and ease Sino-American trade tensions. Questions linger about ByteDance relinquishing control over TikTok’s prized algorithm. Concerns arise from the absence of clarity on whether control has been transferred, licensed, or remains solely in Beijing’s hands while Oracle purportedly monitors it. Analysts stress the algorithm’s significance, driving TikTok’s global success and innovation. Sources reveal ByteDance will…
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