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VisitTikTok Prepares U.S. Version of Core Algorithm Amid Privacy Concerns
May 30, 2024, 07:23 PM
TikTok is reportedly preparing a U.S. version of its core recommendation algorithm, according to sources, including Reuters. This move aims to develop a version of the app that operates independently of its Chinese parent company, ByteDance. The new algorithm will be used to create a separate app specifically for TikTok's 170 million U.S. users. The initiative, which has implications for competitors like $SNAP and $META, is seen as a response to growing concerns over data privacy and national security related to the app's Chinese ownership.
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Markets
No • 50%
Yes • 50%
Official government announcements, news outlets such as Reuters, Bloomberg, etc.
Yes • 50%
No • 50%
Official announcement from TikTok or news outlets such as Reuters, Bloomberg, etc.
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Yes • 50%
U.S. Congress official records, news outlets such as Reuters, Bloomberg, etc.
Increases by more than 10% • 33%
Decreases by more than 10% • 34%
Remains within 10% of current levels • 33%
Official financial reports from TikTok, news outlets
Remains within 10% of current levels • 33%
Increases by more than 10% • 33%
Decreases by more than 10% • 34%
Official TikTok reports, user count reports from reputable analytics firms, news outlets