Trump plans to announce a company called TikTok America, with a 50% stake for US investors and 19.9% for ByteDance, which would license the algorithm.

⁨6⁩ ⁨likes⁩

Submitted ⁨⁨4⁩ ⁨days⁩ ago⁩ by ⁨Tea@programming.dev⁩ to ⁨technology@lemmy.zip⁩

https://www.capitalbrief.com/briefing/amazon-tables-last-minute-bid-to-buy-tiktok-nyt-says-8106831a-d97c-4f38-abe7-98ba9349b129/#8106831a-d97c-4f38-abe7-98ba9349b129

Comments

Sort:hotnew top

cnirrad@lemmy.world ⁨4⁩ ⁨days⁩ ago
Math doesn’t add up.

source
- Tea@programming.dev ⁨4⁩ ⁨days⁩ ago
  
  The proposed structure would involve TikTok America being roughly 50% owned by new US investors and licensing TikTok’s algorithm from ByteDance.
  
  Existing investors in ByteDance would have a roughly one-third stake, while ByteDance would retain a 19.9% stake, according to the report.
  
  source