ByteDance and Microsoft offer deal to allow TikTok to remain in the U.S., per report

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

China’s ByteDance has agreed to divest its TikTok operations in the US, according to a report in Reuters. Under the deal, Microsoft would take over stewardship of the data of U.S.-based users. The deal allows another company besides Microsoft to operate TikTok in the United States. This would allow the service to continue to operate in the United States, sidestepping the alleged executive order threatened by President Trump.
Allegedly, ByteDance had previously sought a deal that would allow the company to retain a minority stake in the company. That plan was apparently recently abandoned after the White House rejected the proposal.
Under this new deal, Microsoft would be in charge of protecting U.S.-based users’ data, and another U.S.-based company would be allowed to operate TikTok .
It’s unclear if this deal would be enough to allow TikTok to continue to operate within the United States.
Microsoft and the White House did not respond to a request for comment.
This news comes hours after President Trump told reporters that he was going to sign an executive order banning the Chinese-owned app from operating within the United States. In response, ByteDance issued the following statement, which we initially reported here.
“100 million Americans come to TikTok for entertainment and connection, especially during the pandemic. We’ve hired nearly 1,000 people to our US team this year alone, and are proud to be hiring another 10,000 employees into great paying jobs across the US. Our $1 billion creator fund supports US creators who are building livelihoods from our platform. TikTok US user data is stored in the US, with strict controls on employee access. TikTok’s biggest investors come from the US. We are committed to protecting our users’ privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform,” said a TikTok spokesperson.

X ITM Cloud News

Ana

Leave a Reply

Next Post

Tech at Work: Amazon caravan protest, Genderify’s algorithmic bias and using ‘BIPOC’

Sat Aug 1 , 2020
Spread the love          Welcome back to Tech at Work, where we look at labor, diversity and inclusion. Given the amount of activity in this space, we’re going to ramp this up from bi-weekly to weekly. This week, we’re looking at the latest action from a group of Amazon warehouse workers in […]
X- ITM

Cloud Computing – Consultancy – Development – Hosting – APIs – Legacy Systems

X-ITM Technology helps our customers across the entire enterprise technology stack with differentiated industry solutions. We modernize IT, optimize data architectures, and make everything secure, scalable and orchestrated across public, private and hybrid clouds.

This image has an empty alt attribute; its file name is x-itmdc.jpg

The enterprise technology stack includes ITO; Cloud and Security Services; Applications and Industry IP; Data, Analytics and Engineering Services; and Advisory.

Watch an animation of  X-ITM‘s Enterprise Technology Stack

We combine years of experience running mission-critical systems with the latest digital innovations to deliver better business outcomes and new levels of performance, competitiveness and experiences for our customers and their stakeholders.

X-ITM invests in three key drivers of growth: People, Customers and Operational Execution.

The company’s global scale, talent and innovation platforms serve 6,000 private and public-sector clients in 70 countries.

X-ITM’s extensive partner network helps drive collaboration and leverage technology independence. The company has established more than 200 industry-leading global Partner Network relationships, including 15 strategic partners: Amazon Web Services, AT&T, Dell Technologies, Google Cloud, HCL, HP, HPE, IBM, Micro Focus, Microsoft, Oracle, PwC, SAP, ServiceNow and VMware

.

X ITM