TikTok finalizes a majority US-owned venture to create a domestic entity, avoiding a potential ban. The deal partners Oracle—led by tech billionaire Larry Ellison—with private-equity firm Silver Lake and Abu Dhabi’s MGX. The restructuring aims to comply with US regulatory demands while retaining operational control.
ByteDance reports a projected **$50 billion profit for 2025**, marking a significant financial milestone. The company also finalizes binding agreements to establish a **majority-American-investor joint venture**, with Oracle Corp as a key partner. TikTok CEO Shou Chew disclosed these developments in an internal memo to employees.
TikTok agrees to establish a U.S. joint venture following Congress’s ban on the platform in the country. The move aims to comply with new regulatory demands while maintaining operations in the American market. Details of the partnership structure or investors remain undisclosed.
TikTok introduces **bulletin board**, a public messaging tool for brands and creators to send one-to-many updates to followers. The feature mirrors Instagram’s 2023 broadcast channels, enabling direct communication outside the app’s core feed. TikTok positions it as a way to enhance engagement with audiences through dedicated, persistent updates.
