• davel [he/him]@lemmy.ml
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    6 months ago

    it’s fully owned and operated by people in China

    US private equity firms own more than anyone. WSJ: What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion

    [ByteDance founder] Zhang owns 20% of ByteDance, according to the company, though super shares have given him larger voting rights. Roughly 60% of ByteDance is owned by global institutional investors including Carlyle Group, General Atlantic and Susquehanna International Group. The remaining 20% is owned by company employees.

    The CEO is Singaporean Shou Zi Chew and the VP is American Michael Beckerman.

    • protist@mander.xyz
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      6 months ago

      TikTok is a subsidiary of ByteDance, and that the Chinese government exerts significant political influence over ByteDance really is not a question