Pins matching tag:TikTok

Executive Order 14352 declared a framework deal a qualified divestiture: TikTok's US app goes to a new US-majority joint venture, with Oracle as the security provider holding all US user data.

On 18 November 2025 US District Judge James Boasberg ruled that the FTC had failed to prove Meta holds a monopoly in social networking, so Meta keeps Instagram and WhatsApp; the FTC has since said it will appeal.

ByteDance and TikTok signed binding agreements to form TikTok USDS Joint Venture LLC, with Oracle, Silver Lake and MGX holding 15% each and ByteDance keeping 19.9%, due to close on 22 January 2026.

The US-majority TikTok USDS Joint Venture LLC was established, taking over TikTok's US data, algorithm and moderation, with US user data and the algorithm secured in Oracle's US cloud.

A weather power outage at a primary US data centre operated by Oracle hit tens of thousands of servers, leaving TikTok's US app buggy for a week just after the joint venture took over.

TikTok's US joint venture is permanently closing its Music Row office in Nashville on 5 October 2026, eliminating all 250 jobs there, including members of its content-moderation team.

CNBC reported on 23 October 2026 that TikTok USDS Joint Venture has sounded out opportunities for multiple gigawatts of computing capacity over the coming years, one source putting the target at four gigawatts by the early 2030s, while Oracle remains its primary cloud provider.

Skittles' new Gummy Crystals, soft gummies coated in tangy crunchy crystals, come in Original and Tropical Splash and go on sale on TikTok Shop on 2 November 2026 before retail in 2027.