Christopher Nolan's adaptation of The Odyssey, featuring a star-studded cast, tells the epic tale of Odysseus, who embarks on a ten-year journey to return home.
When the deal was first announced, many were stunned by the $14 billion price tag. It read like a fire sale, with sources chalking that up to how ByteDance had been put over a barrel by a U.S. law requiring divestiture. But we now know the price wasn't really $14 billion. It was $24 billion.
ByteDance, TikTok's Chinese parent company, recently established a separate American entity to run the app's U.S. operations. This restructuring aims to separate U.S. TikTok from its Chinese parent, addressing concerns about data privacy and foreign control. The move came after years of pressure from lawmakers, who feared the Chinese government's potential access to Americans' data. In 2024, Congress enacted a law, mandating that TikTok's U.S. operations be separated from ByteDance.
TikTok has finalized the deal for its US entity, with its parent company ByteDance selling majority of its stake to a group of non-Chinese investors. The deal was closed just before the Trump Administration's latest deadline, banning the app in the US unless it was divested from ByteDance, which will only retain 20 percent of the new entity. TikTok's investors will own 80 percent, with Oracle, Silver Lake and MGX, an Emirati-state owned investment firm, taking 15 percent each.
We've made significant progress in recovering our U.S. infrastructure with our U.S. data center partner. However, the U.S. user experience may still have some technical issues, including when posting new content. We're committed to bringing TikTok back to its full capacity as soon as possible. We'll continue to provide updates. Thanks for your patience.
US TikTok users are navigating a major ownership shift as TikTok USDS Joint Venture LLC takes control of American operations, addressing longstanding national security concerns. Amid the transition, glitches, feed changes, and privacy policy scrutiny fuel uncertainty, prompting creators and casual users alike to reevaluate their engagement. Daily uninstall rates have spiked dramatically, while rival platforms gain traction, illustrating how trust, control, and technical reliability shape digital loyalty in real time.
TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for years now due to concerns about user data potentially being accessed by the Chinese government. As a result, U.S. users have often found themselves caught in the middle of this tension. Last year, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it was quickly restored.