Rewards Hub TikTok has announced the creation of TikTok USDS Joint Venture LLC to bolster its data protection and algorithm security in the United States. The joint venture will also oversee content moderation and software security. Key stakeholders include HKD 500, Silver Lake Capital, and MGX, each holding a 15% share, while ByteDance retains a 19.9% stake, making it the largest single shareholder. The venture will be governed by a seven-member board, featuring TikTok CEO Shou Zi Chew.
TikTok Forms US Joint Venture to Enhance Data and Algorithm Security
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