TikTok Signs Agreements With US Investors. What’s Next for Creators and Users?

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Three major new investors, including two American groups, signed agreements with popular video app TikTok on Thursday, according to The New York Times. The app’s Chinese parent company, ByteDance, maintains a minority stake. The ramifications could be huge for the millions of creators and fans of the immensely popular short-video app. But at the moment, any future changes to the app are mostly unknown.

The part-American, part-global investor group includes tech giant Oracle, a California-based private…



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TikTok Signs Agreements With US Investors. What’s Next for Creators and Users?


Three major new investors, including two American groups, signed agreements with popular video app TikTok on Thursday, according to The New York Times. The app’s Chinese parent company, ByteDance, maintains a minority stake. The ramifications could be huge for the millions of creators and fans of the immensely popular short-video app. But at the moment, any future changes to the app are mostly unknown.

The part-American, part-global investor group includes tech giant Oracle, a California-based private…



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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