CEO Shou Chew informed staff in a memo on Thursday that TikTok has reached a deal supported by President Donald Trump to spin off its US operations and form a new company with a group of largely American investors.
The decision puts TikTok one step closer to assuring its long-term future in the US, even if the transaction is still pending. It comes after a rule that was approved last year mandated that the US version of the app either be banned in the US or split off from its parent firm, ByteDance. As he worked to reach an agreement to give American ownership of the well-known app control, Trump repeatedly postponed enforcing the legislation.
Anupam Chander, a professor of law and technology at Georgetown University who studies the regulation of new technology, stated that worries about foreign propaganda appear to have subsided with an American majority in charge of content moderation. However, it is possible that the American TikTok might end up censoring or hiding speech that is acceptable on the global TikTok platform. I hope that the U.S. content moderation team permits speech that the American owners would find objectionable.
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