Who’s afraid of the new TikTok?

The significant problems with the TikTok app last weekend were, according to the company, because of a technical issue stemming from a power outage at a "US data center partner." Users could not upload new videos and view counts were all out of whack, with few answers or explanations.

For TikTok, the timing was unfortunate. As of last weekend, TikTok US is now TikTok USDS Joint Venture LLC, owned partially by ByteDance and a collection of investors that include Oracle and investment firms like Silver Lake, among others.