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