We're pleased that today we've confirmed a proposal that resolves the Administration's security concerns and settles questions around TikTok's future in the US. Our plan is extensive and consistent with previous CFIUS resolutions, including working with Oracle, who will be our trusted cloud and technology provider responsible for fully securing our users' data. We are committed to protecting our users globally and providing the highest levels of security. Both Oracle and Walmart will take part in a TikTok Global pre-IPO financing round in which they can take up to a 20% cumulative stake in the company. We will also maintain and expand the US as TikTok Global's headquarters while bringing 25,000 jobs across the country.
This is an interesting question. I was technical lead for CCPA and GDPR implementation at my company. We keep hashes of email addresses that have asked to be forgotten and we compare new email signups with the hash list to make sure we never collect their information. Both laws allow companies to keep lists of requests but we like to be extra secure.
