Here’s what company has to say — TikTok not working for you: The wider industry impact

Here's what company has to say — TikTok not working for you: The wider industry impact

Over the weekend, TikTok users across various regions encountered significant access issues with the app. Many reported that videos failed to load, and some were unable to log in altogether. According to DownDetector, a website that monitors service outages, reports of problems peaked on January 25, with over 35,000 incidents logged. Of those reporting issues, 65% experienced malfunctions, 23% faced total outages, and 13% had difficulties with their video feeds. In response to these disruptions, TikTok has issued a statement confirming that they are addressing a major infrastructure issue affecting the app’s performance.

Under the new arrangement, Oracle, MGX and Silver Lake will each own 15% of TikTok’s US operations. ByteDance will own just under 20%. Earlier this week, TikTok announced that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new US TikTok.

Creators may temporarily see “0” views or likes on videos, and your earnings may look like they’re missing. The majority of the seven-member board for US TikTok will be American, according to a December memo to TikTok employees. This is a display error caused by server timeouts; your actual data and engagement are safe. The outage comes just days after TikTok finalised its deal to create a new American entity, avoiding the threat of a ban in the United States. The deal concluded a six-year legal saga that saw the app banned by Congress and ensnared in politicking between two global superpowers.

The other investors include Dell’s office and a long list of investment companies, including affiliates of General Atlantic and Susquehanna, both of which previously invested in ByteDance.

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