What does the agreement between Oracle and ByteDance on the control of TikTok foresee

The Chinese company, however, is not willing to sell the platform algorithm but is willing to move its headquarters to the United States

(Photo: Mario Tama / Getty Images) A ​​little over twenty-four hours from '' formalization of the commercial and technological agreement between the Chinese company ByteDance and Oracle, which according to Reuters should arrive tomorrow through the mouth of the same American President Donald Trump, the conditions of the partnership between the two companies for the control of the platform's operations are better defined TikTok in the United States and in other markets as well.

According to the Financial Times, ByteDance has agreed to make TikTok, with its entire global business, a stand-alone company based in the United States, and in which Oracle will have a minority stake in addition to the control of user data which it can administer independently.

As far as we know, rest on the other hand, the algorithm of the entire app, which holds the secret of its success and thanks to which the platform has come to break the ceiling of 100 million monthly active users both in Europe and overseas, will be firmly under the control of the Beijing company. and to reach 600 million daily users with the Chinese version alone.