TikTok doubles down in Europe with new $500 million Irish data center as it faces being hounded out of the US
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NOAH SEELAM/AFP via Getty ImagesTikTok announced Thursday it's setting up a new €420 million ($498 million) data center in Ireland.The data center is slated to open in early 2022, and will house user data from TikTok's European users.This comes just as TikTok is having to brace itself against hiving off its US business.
Visit Business Insider's homepage for more stories.As TikTok faces getting squeezed out of the US, the company appears to be shoring up its European operations.In ablog poston Thursday, TikTok's global chief security officer Roland Cloutier announced plans to build a new data center in Ireland costing €420 million ($498 million), which will play a "key role in further strengthening the safeguarding and protection of TikTok user data."
The plan is to get the data center up and running by early 2022, and once operational it will house European user data.At the moment TikTok stores all its user data on servers in the US with backups in Singapore, the company has repeatedly said.The announcement comes in the wake of an extraordinary order from the Trump administration this week that TikTok must either sell off its US business by September 15
or face getting banned in the US. Microsoft is currently in talks to acquire TikTok's US, Canada, Australia, and New Zealand operations, but not its European business.The Trump administration has gone on the offensive, claiming because TikTok is owned by a Chinese company, ByteDance, it poses a national security threat.
TikTok hit 2 billion downloads in April. President Donald Trump.Andrew Harnik/ReutersCloutier said in his blog post that TikTok's plans for its Irish data center have been in the works for a year.TikTok's getting ready to have its business split
This isn't the first signal TikTok has given that it's restructuring its European business.In late June TikTokfor users in the EEA, Switzerland, and the UK.Under Europe'sa data controller: "determines the purposes for which and the means by which personal data is processed."
Reports have also surfaced that the company is eyeing a new European HQ. Read more: Business Insider »
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Inside Trump's TikTok reversal: How advisers mobilized their deal-making effortsSen. Lindsey Graham wasn't entirely sure what TikTok was, beyond a source of videos of piano-playing dogs and dancing cats. Nonetheless, he was tasked with a mission: talk President Donald Trump down from his threatened ban on the Chinese-owned platform that is hugely popular with American kids. Lindsey Graham is the voice of rational calm, we are so screwed. 👀 He doesn't appreciate the sarahcpr TikToks, I am sure of it.
Inside the Race to Save TikTok - The Journal. - WSJ PodcastsTikTok has faced mounting pressure from the White House over security concerns, leading to secret discussions to sell the Chinese-owned app's U.S. operations to Microsoft. WSJ's Brad Reagan explains how the deal nearly imploded over the weekend. ReaganBrad TikTok on the clock but the party... ReaganBrad I think an American Citizen should have financial limits on how much money they can store in an International Banking System. You could limit International Investments also.
Trump: US has 'all the cards' on potential TikTok sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No he doesn’t, because once in the hands of Microsoft, China would no longer (assuming it does, at all) have access to user data. Not that he has the ability to “ban” it anyway — it would still live on phones even if removed from US App Store. So, who is Luca Brazzi in the administration? It's called 'tax revenue.'
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Trump says Microsoft should pay 'key money' to Treasury for facilitating TikTok dealPresident Trump says the U.S. should get “a very large percentage” of a TikTok sale price “because we’re making it possible.” A fine way to drop $MSFT price, who could have ever guessed it wouldn't have lasted The art of the ---------------- deal This man is a real trader and business man . THE ART OF DEALS , BUY IT ALL OR NOTHING .