President Donald Trump - J.D. Vance Administration

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#40,930

US, China Near TikTok Deal To Finally Resolve The Question Of App’s ‘secret sauce’ Algorithm: Sources​


The US and China are closing in on a deal to avoid a US ban of TikTok – and it will include China allowing US techies to replicate and replace the wildly popular app’s secret-sauce recommendation algorithm, On The Money has learned.

Top White House officials confirmed on Monday they’ve settled on a “framework” for an agreement to finally resolve the yearslong dispute over whether TikTok can and should be allowed to operate in the US – with critics raising concerns about everything from national security to teens’ mental health.

Just days before TikTok is set to be banned, a deal is now taking shape that would sell a controlling stake in the controversial app to US investors, which the White House believes satisfies a congressional law last year that bans the controversial app unless it separates itself from Beijing.

Sources say the situation remains fluid and details, including how the all-important algorithm is handled in the US company, could change.

The deal sets the stage for the creation of a new US company worth as much as $50 billion that would serve 172 million US users. Majority owners of the new firm will include billionaire Jeff Yass of Susquehanna International — a major backer of President Trump — and Bill Ford of General Atlantic Partners. A host of smaller investors are vying for equity slices, sources said.

ByteDance, the Chinese outfit that created TikTok, will maintain a 19.9% interest in the new company. It will continue to maintain full ownership of TikTok’s other operations that boasts more than a billion monthly active users and has a market value of close to $300 billion even without the US unit.


While Oracle co-founder Larry Ellison will play a major role in housing the new US company in the tech giant’s “cloud,” it’s unclear whether he can take an equity stake while Oracle rents that space to TikTok. That’s why there’s talk that his son, Skydance founder David Ellison – fresh off his $8 billion purchase of Paramount and looking to complete a $50 billion deal to buy Warner Bros Discovery – could instead take the TikTok stake, sources said.

nypost.com

Exclusive | US, China near TikTok deal to finally resolve the question of app’s ‘secret sauce’ algorithm: sources

The deal sets the stage for the creation of a new US company worth as much as $50 billion that would serve 172 million US users.
nypost.com nypost.com
 
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#40,935
McDad said:
Ice claims overstayed work visas but nothing in the report affirming or refuting that claim.
Says they (Koreans) arrived home which i inferred to mean S Korea.
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maybe the "any immigration is good immigration" UN says otherwise, but I have a hard time seeing "human rights violations". and I am anti current-pogrom-ICE.

not that we should give a crap about any world court says.
 
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#40,937
#40,937
LouderVol said:
maybe the "any immigration is good immigration" UN says otherwise, but I have a hard time seeing "human rights violations". and I am anti current-pogrom-ICE.

not that we should give a crap about any world court says.
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would have been nice for the reporter to provide some research on the work visa claim.
 
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#40,938
McDad said:
would have been nice for the reporter to provide some research on the work visa claim.
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previously I had read that SK was upset because in the rest of the world the visa over stays, or people going beyond the purpose of the visa, are just allowed. no real questions asked.

in this case America is bucking the global trend, which again we shouldn't care about.
 
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#40,939
#40,939
LouderVol said:
previously I had read that SK was upset because in the rest of the world the visa over stays, or people going beyond the purpose of the visa, are just allowed. no real questions asked.

in this case America is bucking the global trend, which again we shouldn't care about.
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That's odd to me. I tend to think of those 'westernized' Asian countries as strict rule followers. Surprised work visa over stays was SOP for them.
 
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#40,941
McDad said:
That's odd to me. I tend to think of those 'westernized' Asian countries as strict rule followers. Surprised work visa over stays was SOP for them.
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imo, most of those western asian countries are facing a massive population crisis, so they aren't going to look to closely at more people being in their country.
 
#40,942
#40,942
LouderVol said:
imo, most of those western asian countries are facing a massive population crisis, so they aren't going to look to closely at more people being in their country.
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I don't understand. Aren't we talking about South Koreans overstaying their work visas in America???
 
#40,943
#40,943
McDad said:
I don't understand. Aren't we talking about South Koreans overstaying their work visas in America???
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yeah that was the offense here, but in SK they are accepting of foreigners overstaying their visas to be in SK, or using their visas in SK for things beyond the scope of that specific visa. so SK was assuming it was quid pro quo.
 
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#40,944
Hey magas. Your guy is stupid. And a liar.

He just defended military buildup near Venezuela and ice by saying 300 million Americans died last year from drug overdose. We are a nation of 340 million. Guess the housing crisis is over.
 
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