TikTok US Deal Favors ByteDance Profits Over Security | JQJO

A US-China deal for TikTok's American operations grants ByteDance approximately 50% of US profits, despite US shareholders owning the majority of the new joint venture. Valued at $14 billion, the deal allows ByteDance to retain control of key elements like the recommendation algorithm through licensing agreements. This structure has drawn criticism from national security experts who argue it doesn't fully address data privacy and security concerns, potentially offering only cosmetic changes.