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Speaker 1: You're listening to the Saturday Morning with Jack Tame podcast

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Speaker 1: from News Talks at B.

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Speaker 2: TikTok's US deal is final, so half of TikTok Us

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Speaker 2: is now owned by new investors. Textbert Paul Stenhouse, no

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Speaker 2: doubt is one of them. He's with us right now.

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Speaker 2: Good morning, Yeah, good morning.

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Speaker 3: I wish it was. This deal kind of wasn't valued

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Speaker 3: at that much, which I know sounds crazy because the

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Speaker 3: price tags fourteen billion dollars, but I would have thought

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Speaker 3: the US would be worth significantly more than that of

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Speaker 3: the TikTok pie, so I was a little bit surprised.

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Speaker 3: So those new investors, I'm sure are very happy. Thirty

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Speaker 3: percent of the company is owned by previous investors, and

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Speaker 3: then twenty percent is owned by the Chinese owned Byte Dance,

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Speaker 3: which used to own one hundred and I should be

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Speaker 3: careful and not round at Jack, because apparently it's nineteen

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Speaker 3: point nine percent owned by the Chinese, which is very

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Speaker 3: important because it means it's under the twenty percent old,

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Speaker 3: which I think some lawmakers have been a little kind

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Speaker 3: of particular about. But it means now that in the US,

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Speaker 3: all of the US users will have all of their

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Speaker 3: data stored in the US. The algorithm will be trained

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Speaker 3: on US users and it will be this US entity

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Speaker 3: that does content moderation, right, so it's governed by a

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Speaker 3: new board. I do think by Dance hasn't done too

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Speaker 3: bad out of this. They're going to be getting a

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Speaker 3: license fee on all the revenue, like straight off the top.

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Speaker 3: They get profits here as well, and they don't have

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Speaker 3: to shut it down.

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Speaker 2: So yeah, it's not a terrible deal. No, I mean,

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Speaker 2: it does mean they get to keep operating, which I

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Speaker 2: suppose was their big concern, right, so yeah, you know,

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Speaker 2: still turning apove it. But yeah, it'll be very interesting

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Speaker 2: to see how if like this changes the kind of

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Speaker 2: algorithm and the data and the and the and the

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Speaker 2: way in which TikTok uses in the US actually see

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Speaker 2: the platform, right.

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Speaker 3: Yes, yeah, if they can, if they can feel the difference,

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Speaker 3: because it's funny, you know, this is a strange app

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Speaker 3: in some ways, and that people love the algorithm. Like

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Speaker 3: the typical talking point is like all algorithm bad, but

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Speaker 3: this is like, oh no, we love it. Like that's

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Speaker 3: why people talk about I'm on xtok, you know, like

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Speaker 3: I'm on plant talk or I'm on food talk. Or

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Speaker 3: pasta top right. They actually talk about it like it's

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Speaker 3: a thing that they found their way into this little

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Speaker 3: sphere of the algorithm, which makes TikTok TikTok.

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Speaker 1: Yeah.

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Speaker 2: Interesting. Hey, Spotify has been trialing a new part of

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Speaker 2: its product in New Zealand, and now they're going to

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Speaker 2: be taking that worldwide. Yeah.

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Speaker 3: New Zealand did good. Hey, apparently it was popular. It

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Speaker 3: did what it was supposed to do, and so now

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Speaker 3: it is going to start rolling out across North America.

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Speaker 3: And this is a feature where you can ask to

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Speaker 3: create a playlist about anything you want, and you can

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Speaker 3: be as specific or unspecific as you would like. You

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Speaker 3: can ask to be pumped up with some positive beats.

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Speaker 3: You can ask for instrumental pop hits. If you have

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Speaker 3: a you know, real grasp of the musical language, I'm

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Speaker 3: sure you can get very very specific. But a fun

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Speaker 3: one jack that they mentioned in their press release is

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Speaker 3: you can actually also ask to be broken out of

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Speaker 3: your usual listening habits because not only does it know

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Speaker 3: about the world of music in real time, so what's

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Speaker 3: big on the charts and what's big trending and what's

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Speaker 3: happening in culture, but it knows what you have been

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Speaker 3: listening to. Yeah, and so you could say, don't put

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Speaker 3: any songs in the playlist that I haven't listened to

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Speaker 3: this week, or give me artists I've never heard of,

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Speaker 3: or give me new songs by my favorite artist. You

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Speaker 3: can get that particular and it will go through and

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Speaker 3: it will make that playlist for you. Yeah.

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Speaker 2: Okay, not very interesting, Thanks Paul. That is our Textbert

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Speaker 2: Paul Stenhouse.

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Speaker 1: For more from Saturday Morning with Jack Tame, listen live

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Speaker 1: to news talks that'd be from nine am Saturday, or

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Speaker 1: follow the podcast on iHeartRadio