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Latest Posts by Dreadnought:
TikTok said Thursday that it formed a joint venture that will keep the video-sharing app operating in the United States.
The short-form video company said that Adam Presser will be the CEO of TikTok USDS Joint Venture, while TikTok CEO Shou Chew will be a director. Presser was previously TikTok’s head of operations and trust and safety.
The U.S.-based joint venture will operate as an “independent entity,” TikTok said in its announcement. TikTok USDS Joint Venture “will operate under defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software assurances for U.S. users,” the company said.
The joint venture will be governed