A significant decision has been made regarding the fate of TikTok in the US. The company's assets in the country will be sold to an ownership group primarily composed of Americans. According to the agreement, Oracle will exercise control over the application's algorithm and data related to US users.
The editorial office, citing CNN, reports that this step was taken following the US authorities' national security concerns over TikTok. Washington has long raised the issue of user data security due to the application's connection to China.
As a result of the new agreement, TikTok will continue its operations in the US market. However, additional legal and administrative procedures are expected to continue for the platform to come under full control within the country in the future.