TikTok launches a U.S.-owned joint venture, cuts ByteDance stake to 19.9%, and secures U.S. data and algorithms on Oracle cloud.

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The Hacker News

TikTok has formed a U.S. joint venture (TikTok USDS Joint Venture LLC) to comply with a 2025 executive order, reducing ByteDance's stake to 19.9% while transferring majority ownership to American investors. The venture will store U.S. user data and algorithms on Oracle's secure cloud infrastructure, implement comprehensive cybersecurity programs adhering to NIST and ISO 27001 standards, and undergo third-party audits. These safeguards will also apply to CapCut and Lemon8, allowing TikTok to continue serving over 200 million American users.

TikTok Forms U.S. Joint Venture to Continue Operations Under 2025 Executive Order