TikTok has established a new US data security arm to enact a deal brokered by Donald Trump that will end a years-long geopolitical saga over the fate of the video app while leaving its core US business in the hands of its Chinese parent company.
The new American-controlled joint venture, unveiled by TikTok on Thursday, would “safeguard the US content ecosystem and have decision-making authority for trust and safety policies and content moderation”, the company said.
TikTok said it had appointed a new seven-person board of directors for the joint venture, which included Egon Durban, the co-chief executive of private equity firm Silver Lake, Susquehanna International Group managing director Mark Dooley, and top Oracle executive Kenneth Glueck.
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