TikTok parent ByteDance quietly leases 'massive' US data centers in VA - Business Insider

Analysts told Business Insider that a data-center lease of this size is a "massive" pickup for ByteDance, and seems to indicate the China-based company's intention to establish a base for data on US soil. This investment comes even as TikTok's future in the US remains in flux, and a deal to settle its ownership in the US has yet to be finalized.

But by leasing space to keep user data in the US, ByteDance is adhering to US government data sovereignty requirements related to TikTok, IDC analyst Jennifer Cooke told Business Insider, which mandate that information about US citizens be stored domestically. The current proposal — in the works for months as it hits snags and pushback — would break off TikTok's global business into a new US-based company, in which Oracle, Walmart and US investors would have substantial stakes. However, there's still disagreement whether the deal would give majority ownership to US investors, or allow TikTok's China-based parent company ByteDance to maintain its majority ownership.

As Election Day has drawn near, the Trump administration's battle with TikTok has been overshadowed by the president's reelection campaign, which has lagged in the polls in key swing states to Democratic candidate Joe Biden.for November 4, the day after the presidential election, to decide whether to block the US government's planned ban, which would take effect on November 12, barring a decision by the court to prohibit or delay the order.

If the ban is implemented, the US government would target internet hosting services and content delivery networks to dismantle TikTok's operations in the United States.

Means nothing....

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