TikTok creators welcome deal to keep app in the U.S. [Los Angeles Times (CA)]
Oracle Corporation (ORCL)
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Source: Los Angeles Times
On Thursday night, however, Lee found himself under the glare of bright lights and walking the red carpet outside the historic Hollywood Palladium on Sunset Boulevard about to be recognized as TikTok's “Creator of the Year.” He and hundreds of other creators had gathered for TikTok's first American awards show. And they had good reason to celebrate. Only a few minutes before the start of the inaugural show, they got word about a deal that would allow TikTok to keep operating in the U.S. through a joint venture controlled by a group of U.S. investors that includes tech giant Oracle Corp. TikTok confirmed the deal in an email to employees and said it is expected to close next month. “[TikTok] is the best way to reach people and I know so many people who rely on it to support their families,” said Lee, who has 17.3 million followers of his casual restaurant reviews. “For me, it's my career now so I can't imagine it not being around.” Creators — many of whom are based in Southern
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