Tiktok app is reportedly down in the US. Thousands of people are reporting problems with the TikTok app Sunday morning. According to the DownDetector website, which tracks websites uptime, outage reports peaked overnight with more than 35,000. Some 65% users showed problem with the app not working properly, 23% reported total outage and some 13% claimed facing issues with their Tiktok feed. TikTok has so far not officially acknowledged the outage. 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. 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. The deal concluded a six-year legal saga that saw the app banned by Congress and ensnared in politicking between two global superpowers.

Tiktok’s new owners in America

Investors including software giant Oracle; MGX, an Emirati investment firm; and Silver Lake, another investment firm, will own more than 80% of the new venture. That list also includes the personal investment entity for Dell founder Michael Dell, and other companies, TikTok said. Adam Presser, TikTok’s former head of operations, will be the CEO for the US TikTok. Under the new arrangement, Oracle, MGX and Silver Lake will each own 15% of TikTok’s US operations. ByteDance will own just under 20%. 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. The majority of the seven-member board for US TikTok will be American, according to a December memo to TikTok employees. The deal is aimed to loosen TikTok’s ties to China and address national security concerns that Beijing could use the app to surveil or manipulate its more than 200 million users in the United States. The changes enable “our U.S. users to continue to discover, create, and thrive as part of TikTok’s vibrant global community and experience,” Shou Chew, TikTok’s CEO, said in an internal memo that called the move “great news.” Chew has a seat on the board of US Tiktok.

US President says very happy on Tikto deal

US President Donald Trump celebrated the announcement in a post on Truth Social, the social media platform he owns, calling it a “dramatic, final, and beautiful conclusion.” “I am so happy to have helped in saving TikTok!” he wrote, adding, “I only hope that long into the future I will be remembered by those who use and love TikTok.”(developing story)