TikTok narrowly avoids a US ban by spinning up a new American joint venture

TikTok formed a US-based joint venture valued at ~$14B—backed by Oracle, Silver Lake, and MGX—to continue operating in the US under the PAFACA framework, with Oracle serving as a trusted security partner for data protection and compliance, including hosting US user data and aligning with NIST CSF. ByteDance retains a minority stake, and while the arrangement aims to reduce risks of foreign access, it relies on audits and oversight rather than full technical separation. The piece also notes a Canadian court ruling that paused a prior shutdown order, underscoring ongoing regulatory scrutiny and advising users to remain cautious about data sharing.