American TikTok spinoff agreed; will still use Chinese algorithm

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Both US and Chinese officials are stating that an agreement has been reached for an American TikTok spin-off to be sold to American investors.

It’s not the first time the Trump administration has claimed that a deal has been agreed, but it is the first time that China is backing the claim, albeit in somewhat more muted terms …

Reuters reports:

U.S. and Chinese officials said on Monday they have reached a framework agreement to switch short-video app TikTok to U.S.-controlled…



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American TikTok spinoff agreed; will still use Chinese algorithm


Both US and Chinese officials are stating that an agreement has been reached for an American TikTok spin-off to be sold to American investors.

It’s not the first time the Trump administration has claimed that a deal has been agreed, but it is the first time that China is backing the claim, albeit in somewhat more muted terms …

Reuters reports:

U.S. and Chinese officials said on Monday they have reached a framework agreement to switch short-video app TikTok to U.S.-controlled…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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