TikTok’s parent company Bytedance is said to be in talks with the US security officials of the new President Joe Biden administration to ensure the smooth operation of this “feverish” application on the largest market in the world.
|New US President Joe Biden could provide a new future for the Chinese company.|
A source said TikTok is likely to reach an agreement with the Foreign Investment Commission in the US (CFIUS) to add a third party responsible for data management in addition to the agreements with Oracle and Walmart last year. . If this agreement is reached, TikTok will not need to sell its US business.
Negotiations with Oracle and Walmart since last year have brought the prospect of TikTok to be developed into a global company, continue to operate in the US and get rid of harsh sanctions from the US government. With the establishment of TikTok Global, Oracle and Walmart will hold 12.5% and 7.5% of the shares, respectively, leaders are all American while Bytedance still holds their own algorithms.
According to Business Insider, Oracle and Walmart can still continue the deal, but the size will depend on how well the Biden administration’s ban is maintained.
In an interview with the Wall Street Journal, Ms. Emily Horne, a spokesperson for the US National Security Council, said they are planning to approach the issue of data security in a comprehensive way. Accordingly, the Council will review all Chinese applications and software operating in the US to cover the risks that may be encountered in the coming time.
The deadline for the Trump administration’s bans will arrive next week, meaning the size of the TikTok deal will be announced soon.
The Wall Street Journal assessed that the new administration is in the process of considering data security and ways to prevent Chinese authorities from accessing information TikTok collects about US users, but there has been no move to show the technology company. China was forced to resell TikTok.
TikTok, a popular US app with about 100 million users, has repeatedly denied data transfers to the Chinese government, said it stores user information on servers in the US and Singapore.
With a large number of users in the US, TikTok also “helped” for the war before the election of Mr. Biden.
A movement on TikTok attracting a large number of American teenagers, who are underage to vote, has created a “wave” to support Mr. Joe Biden to win the election. Multiple accounts simultaneously changed their profile picture into a picture with the slogan “Generation Z for Biden” located between a rainbow and a small heart. This is the logo of a new group formed to support Biden in the race to the White House, named “TikTok for Biden”.
|Icon for BIden during a rally in favor of the Democratic candidate.|
TikTok is about to be “banned” in the US causing this youth to use it as a weapon to prevent the possibility of re-election of President Donald Trump, as well as campaigning to vote for candidate Joe Biden.
Politics has always been a popular topic of discussion on TikTok, but it really exploded as the US presidential election day approached. Hashtags expressed support for one of the two candidates that got billions of views, like # Biden2020 with 3.5 billion and # Trump2020 with 12.6 billion, while other politically related hashtags only earned a few million in turn. Neither Trump nor Biden’s campaigns have official TikTok accounts.
Although TikTok because Biden is not the only political advocacy account on the social networking platform, their rapidly growing popularity seems to reflect the thoughts of late millennials. generation in the period 1981-1996) and Generation Z (born from 1997 to the beginning of 2010).
The survey also found that 64% of the Generation Z voters favor Biden over Trump, compared with 22% of the opposite opinion. 50% of millennium voters also favor Biden, much higher than 36% sided with the US President.
In the past, the percentage of young voters who cast their votes was quite low. However, the 2018 midterm elections marked a turning point, when a large number of young people exercised their right to vote.
It is difficult to deny a problem as “national security” by Mr. Trump as TikTok has had a significant impact on the way US President policy is shaped in the future.