Axios
TikTok’s new U.S. entity would lease its algorithm from Chinese owner ByteDance under the terms of a proposed deal between the U.S. and China, a senior White House official tells Axios.Why it matters: There had been some talk that ByteDance would be required to sell the algorithm in order to satisfy a 2024 law that demands TikTok be controlled by Americans or face a ban.A pure sale…
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White House discloses more details of deal to save TikTok
Dan Primack
17:23
TikTok’s new U.S. entity would lease its algorithm from Chinese owner ByteDance under the terms of a proposed deal between the U.S. and China, a senior White House official tells Axios.Why it matters: There had been some talk that ByteDance would be required to sell the algorithm in order to satisfy a 2024 law that
