TikTok has reached a deal to cede a substantial portion of its U.S. operation to a group of American investors, thus ending a ...
TikTok CEO Shou Chew told employees of the social media app Thursday that its owner, China’s ByteDance, has signed binding ...
An internal memo says its algorithm will be retrained on US user data after the deal closes in January.
The new arrangement will mean changes to TikTok’s algorithm, the secret sauce that powers its addictive video feed.
TikTok agreed to a new joint venture that will be controlled by American investors, according to reports Thursday.
The agreement aims to resolve a yearslong standoff between the popular social media platform and the U.S. government over ...