"The outlines of that deal have not been released, though Treasury Secretary Scott Bessent said Monday the terms would allow the app to retain "Chinese characteristics." Zoom in: The Wall Street Journal reported Tuesday that U.S. users would be asked to move to a new app, being tested by TikTok engineers, and with a new algorithm for recommending content licensed from TikTok parent ByteDance."
"Driving the news: The new extension gives TikTok a reprieve until Dec. 16. Without it, the long-delayed ban would have kicked in on Wednesday. That algorithm is TikTok's crown jewel, and control over it was seen as key to any deal. The new app would be controlled by an entity 80% owned by U.S. businesses, with one board member designated by the U.S. government."
A temporary extension gives TikTok a reprieve until Dec. 16, averting an imminent ban that would have taken effect on Wednesday. U.S. and Chinese officials have reached a framework agreement that is scheduled to be discussed by Trump and Xi Jinping on Friday. The outlines of the framework remain undisclosed, though Treasury Secretary Scott Bessent stated that terms would allow the app to retain "Chinese characteristics." The Wall Street Journal reported that U.S. users may be asked to move to a new app being tested by TikTok engineers with a new recommendation algorithm licensed from ByteDance. Control of that algorithm was central to negotiations. The proposed new app would be 80% owned by U.S. businesses with one board member designated by the U.S. government.
Read at Axios
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