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....

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TikTok, Bytedance are suing video-sharing rival Triller - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. horrible
Source: BusinessInsider - 🏆 729. / 51 Read more »

TikTok and parent company ByteDance have reportedly sued rival app TrillerTikTok and its Chinese parent ByteDance are fighting back in a patent infringement case that has been brought about by smaller rival Triller.
Source: CNBC - 🏆 12. / 72 Read more »

Brands like Dunkin hire workers to post TikTok videos: marketing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

TikTok partners with Shopify as the video app moves further into social commerce - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😂The biggest competition Amazon, Google and Facebook combined will have is just next door. What a year of 2020?😂😌
Source: BusinessInsider - 🏆 729. / 51 Read more »

Top talent managers for micro influencers: Instagram, YouTube, TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. promote talenthunt
Source: BusinessInsider - 🏆 729. / 51 Read more »

US household, business, state government debt problem is looming - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. DanielAlpert nice DanielAlpert
Source: BusinessInsider - 🏆 729. / 51 Read more »