>A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake and Chinese shareholders owning the rest, the report said.

It would've been better for the mental health of our country if it had been banned (along with Instagram Reels and Youtube Shorts).

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acheron 5 days ago | parent [-]

The good news is, I can’t see “being owned by Oracle” as anything other than a death sentence.

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SilverElfin 5 days ago | parent | next [-]

I doubt it. Oracle has a booming datacenter and cloud business right now. Their role is to host the data in a US jurisdiction, which they can do. It won’t affect the success or failure of TikTok. And frankly it won’t give TikTok users privacy since the data can still be accessed by software written by Chinese employees.

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bl4kers 4 days ago | parent | next [-]

> since the data can still be accessed by software written by Chinese employees.

Source?

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archerx 4 days ago | parent | prev [-]

Yea, I’m sure the sociopaths at oracle have the fingers on the pulse of the younger generations. They’re just going to up the censorship and enshittfy it resulting in its users moving on the next new thing.

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Jensson 3 days ago | parent [-]

Oracle hosts data for many corporations, I don't think they will have any moderation input.

	▲	archerx 3 days ago \| parent [-]
		This is more than just hosting, they will be owning and managing.

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miohtama 5 days ago | parent | prev [-]

LawyerTok