Tiktok is expected to generate up to $ 178 billion in economic activity for American users over the next four years in terms of her pending agreement, according to the White House press secretary, Karoline Leavitt.
After pointing out that a consortium of investors who includes Oracle, Silver Lake and Andreessen Horowitz was in final talks to buy the American version of the application last week, Leavitt provided more details in a press conference on Monday, noting that President Donald Trump should sign the agreement later this week.
“Under the terms of the agreement, Tiktok will belong to a majority of American investors and controlled by a board of directors with vast national security and cybersecurity references,” she said. “In partnership with the US government, Oracle will serve as a Tiktok confidence security provider and they will independently monitor the security and security of data from all American user data on the Tiktok platform. Americans will be stored in complete safety in the United States without access from China. All American user data will be stored on servers operated by Oracle in the United States, Interference by foreign opponents. “
“The algorithm – I know that this is a question that many of you have had – will be secured, recycled and exploited in the United States outside the control of Bytedance,” Leavitt continued. “Tiktok will remain global worldwide, which means that Tiktok users in the United States will be able to see videos published by users in other countries, and vice versa.”
Tiktok Ban’s third deadline was initially expressed on September 17, but the Trump administration has rather extended this calendar until mid-December.
“Although I do not have a number on the specific agreement, we expect that, thanks to the management of the president and the guarantee of this historic agreement, companies using Tiktok will generate up to $ 178 billion in economic activity in the United States over the next four years,” concluded Leavitt. “This is excellent news, not only for millions of young Americans who use Tiktok, their data will be safe with this new case, they will continue to use this very fun application, but it is also excellent news for all small business owners who have really been able to make their living for the use of Tiktok.”
The representatives of Tiktok, Oracle, Silver Lake or Horowitz did not respond to the request for the comments of Thewrap.
“It would not be in conformity if the algorithm is Chinese. There cannot be a shared algorithm with Bytedance,” a spokesman for the limited committee of China in ABC News said.
