TikTok Deal: U.S.-Led Venture, Oracle Data Oversight (Full Transcript)

ByteDance says TikTok can stay in the U.S. under a new American-led venture, with Oracle overseeing data storage and changes to algorithm training.

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[00:00:00] Speaker 1: TikTok can officially stay in the United States. Now ByteDance, that's TikTok's Beijing-based parent company, says it reached a deal for the new U.S.-joined venture after a years-long legal drama and geopolitical battle between China and America. Now that's probably good news for the more than 200 million Americans who regularly use TikTok, including businesses and creators who rely on the app for their incomes. Now the new entity will be overseen by a majority American board. It plans to retrain TikTok's algorithm on U.S. user data, and Oracle will oversee the storage of that. You'll be in charge of moderating content on the platform. So the experience on the app is unlikely to change, but the algorithm that controls what videos are served could be different. Now there are still questions about whether this deal addresses the national security concerns raised by U.S. lawmakers on both sides of the aisle who, back in 2024, passed a law to force a spinoff. ByteDance will still manage the TikTok shop, as well as advertising and marketing. Trump said he's, quote, so happy to have helped in saving TikTok in a Truth Social post, even though he had tried to block TikTok in the U.S. in the past. I'll Trump also thank Chinese President Xi Jinping for approving the deal.

Summary

ByteDance says it has reached a deal allowing TikTok to remain in the U.S. by creating a new U.S.-joined venture with majority American board oversight. The plan includes retraining the recommendation algorithm on U.S. user data, with Oracle overseeing data storage and content moderation responsibilities assigned in the new structure. While the user experience may not change much, the algorithmic feed could. Questions remain about whether the arrangement resolves bipartisan U.S. national security concerns that led to a 2024 spinoff law. ByteDance would still handle TikTok Shop and advertising/marketing. Former President Trump celebrated the deal and said he thanked China’s President Xi for approving it.

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Title

Deal Keeps TikTok in U.S. Under New American-Led Venture

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Keywords

TikTok

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ByteDance

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United States Remove

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national security Remove

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algorithm

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Oracle

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data storage Remove

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content moderation Remove

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spinoff law Remove

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TikTok Shop Remove

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advertising Remove

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Trump

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Xi Jinping Remove

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geopolitics Remove

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Key Takeaways

ByteDance claims a deal will keep TikTok operating in the U.S. via a new U.S.-joined venture.
A majority American board will oversee the new entity, aiming to address governance concerns.
The recommendation algorithm is expected to be retrained on U.S. user data, potentially changing what content is promoted.
Oracle is slated to oversee U.S. data storage, a key element in security-focused arrangements.
Content moderation responsibilities are included in the new operational framework.
Despite the deal, lawmakers’ national security concerns may persist, given the prior 2024 spinoff mandate.
ByteDance would still run TikTok Shop plus advertising and marketing functions.
Trump publicly took credit for helping preserve TikTok and said he thanked China’s Xi for approving the deal.

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Sentiments

Neutral: The passage is primarily informational, balancing positive implications for users and businesses with unresolved national security concerns and political context.

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