By Lianna Norman,C. A. Bridges
Publication Date: 2026-01-28 21:02:00
January 28, 2026, 4:02 p.m. ET
- TikTok is now majority owned by a group of US-backed investors including Oracle, Silver Lake and MGX.
- The app’s previous owner, Chinese company ByteDance, retains a minority stake of about 20%.
- Some users are deleting the app, citing new terms of service and alleged content censorship.
If you’re a TikTok user, you probably know that the formerly Chinese-owned app is owned was reviewed for potential national security risks from the end of 2019 to 2025, across several presidencies and numerous legislative proposals.
Now the popular social media platform has officially changed hands majority owned by a group of US-backed investors and companieslike Texas-based tech giant Oracle. TikTok’s former majority owner, Chinese tech company ByteDance, still owns a minority stake in the app (around 20%).
In the days following the app’s handover to a new owner on January 22, some content creators, celebrities and everyday TikTok users…
