Summary
TikTok's new business venture in the U.S. will now collect precise location data from users if they choose to allow it. This change is part of an updated privacy policy following a deal with ByteDance, the Chinese firm that owns TikTok. The joint venture, involving companies like Oracle, aims to secure U.S. user data amid ongoing concerns about data privacy.
Key Facts
- TikTok in the U.S. can now collect precise location data if users enable it in their settings.
- A privacy policy update follows a deal with TikTok's owner, ByteDance, and U.S investors.
- Oracle leads the joint venture and will manage data security and privacy.
- The U.S. government required TikTok to separate its American business due to security worries.
- Oracle will place TikTok's data and recommendation algorithm in its U.S. cloud.
- The deal ensures greater control over American user data to address national security concerns.
- ByteDance remains a minority stakeholder with less than 20% ownership.
- Concerns continue about potential Chinese influence over TikTok's U.S. operations.
