What The New TikTok Deal Means For Its Data In The U.S.

The video discusses the restructuring of TikTok into a new company, TikTok Global, with Oracle and Walmart holding a 20% stake. ByteDance retains 80% ownership, raising national security concerns due to its ties with China. Oracle will oversee US data to address these concerns. The future of TikTok in the US depends on Chinese government approval, with a potential app ban if the deal isn't finalized by November 12th.

What is the structure of the new company that will own TikTok?

What percentage of ownership does ByteDance currently hold in TikTok?

What is the significance of Oracle's role in the new TikTok deal?

What are the main concerns regarding data security related to TikTok's ownership?

What could happen if the Chinese government does not approve the new deal for TikTok?