Core Viewpoint - TikTok's parent company ByteDance has reached an agreement to create a new US joint venture for the US version of the app, which will be majority owned by US investors, addressing security concerns raised by Congress [1][3]. Company Structure and Ownership - The new joint venture will have ByteDance as the single largest shareholder, with TikTok remaining 100% owned by ByteDance [6]. - The deal is structured to ensure that Chinese ownership is below the 20% threshold, with Oracle managing the algorithm and data flow, limiting access to US data only [3][6]. Regulatory Compliance - The arrangement appears to meet US security regulations, as Oracle will review the algorithm without the ability to copy or steal it, and the data used for training the algorithm will be stored and processed in the US [9][10]. - There is a lack of official Chinese government approval, but state media suggests that the deal has Beijing's approval, indicating alignment with Chinese law [5][8]. Commercial Operations - ByteDance will continue to oversee ad sales and e-commerce operations, which is expected to drive revenue and maintain the app's commercial success [11][12]. - The app's download process is anticipated to be seamless, with updates occurring in the background, minimizing user churn [12][13]. Future Considerations - The joint venture structure may complicate future mergers and acquisitions due to the diverse ownership interests involved, making alignment on a common vision challenging [15]. - The potential for ByteDance to go public in the future is noted as a possibility stemming from this joint venture arrangement [15].

TikTok may have avoided the guillotine for now. The platform, boasting 2 billion users worldwide, will remain online in the United States after its Chinese parent, ByteDance, agreed to hand control of the app’s U.S. business to an American-led group of investors, Axios reported on Thursday night. The deal is designed to defuse Washington’s long-running national security concerns while stopping short of a full break-up. Under the proposed structure, ByteDance would reduce its ownership to just under 20% ...

Core Points - TikTok has signed a deal to sell its U.S. operations to an American-led investor group, ending a prolonged political and legal battle regarding national security concerns [1][5] - The transaction is set to close on January 22, 2026, with Oracle, Silver Lake, and Abu Dhabi-based MGX collectively owning 45% of TikTok's U.S. operations [2] - ByteDance, TikTok's parent company, will retain less than 20% ownership, while existing shareholders and global firms will account for the remainder, with ByteDance investors holding a 35% stake [8] Regulatory Context - The deal follows the enactment of the Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA), which mandates that apps like TikTok must be divested from foreign adversarial control to operate in the U.S. [11][12] - The law took effect on January 19, 2025, after surviving a Supreme Court challenge, allowing a 90-day extension for compliance [12] Historical Background - Initially, ByteDance resisted selling TikTok, and President Trump issued multiple extensions delaying the enforcement of the law [13][14] - Trump's administration played a significant role in facilitating the deal, emphasizing the need for cooperation with China for a successful transaction [8]

Core Viewpoint - TikTok has signed agreements to establish a new U.S. joint venture with American-led investors, aiming to resolve ongoing political and legal challenges, with the transaction expected to close on January 22, 2026 [1][2]. Group 1: Company Developments - CEO Shou Chew announced the formation of a new TikTok U.S. joint venture, which will enable the platform to continue serving over 170 million users in the U.S. [2] - The company will provide further updates as it approaches the scheduled closing date of January 22, 2026 [3]. Group 2: Regulatory Context - The deal is part of a broader effort to separate TikTok's U.S. operations from its China-based parent company, ByteDance, in compliance with U.S. laws that restrict foreign adversaries from controlling social media platforms [5][6]. - An executive order signed by President Trump in September allowed the TikTok deal to proceed, emphasizing the need for cooperation from China to finalize the transaction [5][6]. Group 3: Ownership Structure - The new ownership structure will see ByteDance owning less than 20% of TikTok U.S., with Oracle and Silver Lake identified as main owners, while existing shareholders and global firms will hold the remainder [7]. - Reports indicate that ByteDance investors would hold a 35% stake in the new venture [7]. Group 4: Legislative Background - A law enacted last year under President Biden banned TikTok and similar apps controlled by foreign adversaries due to national security concerns regarding data security and foreign influence operations [8].

Welcome. Today I'll be showing how the Exosscaler data intelligence platform supports multi-tenency. Exoscaler has always had strong capabilities with regard to the networking it supports and exoscaler multi-tenency takes advantage of this by using VLANs along with X's ability to divide its data space up into secure partitions.We now have the ability to create a secure multi-tenant environment. For additional security, we've also implemented client access controls to prevent unauthorized access to a tenants ...

Palantir's Contract with French Intelligence - Palantir's claim of customer satisfaction and contract renewals by the French intelligence agency (DGSI) is disputed, as the agency intended Palantir to be a transitional solution [1] - France's National Agency for Security of Information Systems (ANSSI) expressed a desire to create a trusted French alternative to Palantir, implying a lack of trust in Palantir [2] - Palantir was initially adopted as an emergency measure following the November 2015 terrorist attacks [2] Attempts to Replace Palantir - Multiple programs were initiated to replace Palantir, including Programme Artemis (Ministry of Defense), the "GICAT" project, and the OTDH Tender (2022), indicating dissatisfaction with Palantir [3] - The Programme Artemis, involving Thales, Sopra Steria, Atos and Capgemini, is projected to take 15 years to develop a solution [3] - The OTDH Tender (2022), a formal procurement process by the DGSI, narrowed down to three finalists but did not result in a migration before the Paris 2024 Olympics [3] Security and Sovereignty Concerns - The primary concern with Palantir is the potential for coercion by the U S, where the U S could pressure Palantir to disrupt services if France takes a position adverse to U S interests [5] - France's control over the data but not the code poses a significant threat to sovereignty [6] - Palantir's software could be designed to subtly manipulate results, creating invisible and undetectable gaps in intelligence, which is unprovable without source code access [7] Pragmatism vs Ideology - The pragmatic approach is to avoid relying on code from a country that cannot be fully trusted for core intelligence infrastructure [9]

Core Insights - A new survey commissioned by Commvault reveals a paradox in the security habits of New Yorkers, highlighting both increased awareness of data protection and significant gaps in personal security practices [1][2]. Group 1: Consumer Expectations - New Yorkers are increasingly focused on how organizations manage their data, with many willing to reconsider or abandon brands that fail to meet their expectations [2]. - Over 85% of New Yorkers indicated they would (41.8%) or might (43.7%) stop using a company if it experienced a data breach, emphasizing the critical nature of data security for maintaining consumer trust [6]. - More than a third (38%) of respondents have already ceased using a service due to a lack of trust in its data protection capabilities [6]. Group 2: Personal Security Practices - The survey found that 48% of New Yorkers have been victims of a cyberattack, prompting increased vigilance regarding their data security [4]. - While 44% of respondents use unique passwords for all accounts, 56% still reuse passwords across multiple accounts, creating vulnerabilities [4]. - Slightly more than half (53%) of New Yorkers attempt to follow best practices like using two-factor authentication when on public WiFi, but 15% do not use any security measures at all [7]. Group 3: Business Implications - Companies must prioritize customer data protection to maintain confidence and loyalty, especially during critical periods like the holiday season [5]. - The findings suggest that businesses that fail to enhance their cyber resilience risk losing revenue and brand loyalty [2][5]. - As consumer expectations for security and resilience rise, businesses must adapt to retain trust in an increasingly competitive landscape [6][8].

Identity Authentication & Security - Identity verification needs to be verifiable, human, and secure by design as hiring, work, and collaboration move fully online [1] - Current identity verification methods rely on fragile checks and vulnerable databases [1] - Polyhedra i-D enables authentication of truth without revealing personal information [1] Technology & Solution - Polyhedra i-D offers a solution for secure and private identity authentication [1]

Core Insights - Cholame Finance Academy has successfully completed a comprehensive data security upgrade, marking a significant milestone in its digital infrastructure strategy [1][3] - The upgrade aims to enhance operational resilience, safeguard internal information assets, and standardize security practices across all departments [1][4] Implementation Details - The upgrade was based on a detailed internal assessment of existing data flows, access points, and system dependencies, leading to coordinated improvements for enhanced protection and operational efficiency [3][4] - Key components of the project include enhanced encryption standards for data at rest and in transit, and a refined role-based access control framework to limit system access based on operational responsibility [4][5] Monitoring and Audit Enhancements - Centralized monitoring and audit capabilities were introduced to improve visibility into system activity, including enhanced logging and standardized data-handling procedures [5][6] - Backup and recovery mechanisms were strengthened to support continuity planning and minimize operational disruption during system incidents [5] Integration of Security Practices - The upgrade emphasizes embedding data security principles into daily operations, ensuring that data protection is integrated into routine decision-making processes [6][7] - This approach establishes a consistent internal security baseline, allowing teams to operate within defined parameters while promoting accountability and transparency [7] Long-Term Vision - Founder Rupert Ellington highlighted that responsible data management is essential for institutional stability and long-term credibility, framing data security as an organizational responsibility [8][10] - The completion of the upgrade is seen as a commitment to maintaining disciplined internal systems and fostering a culture of accountability and risk awareness [8][10]

Summary of Zscaler FY Conference Call Company Overview - **Company**: Zscaler (NasdaqGS: ZS) - **Industry**: Enterprise Software, Cybersecurity Key Points and Arguments Financial Performance - **Q1 Performance**: Achieved 26% Annual Recurring Revenue (ARR) growth, with 22% organic growth [6][7] - **Acquisition Impact**: The acquisition of Red Canary contributed to ARR, with expectations of $83 million at close and $95 million for fiscal 2026 [9] - **Profitability**: Reported a 52% free cash flow margin, indicating strong cash collection in Q1 [7] Growth Drivers - **Guidance Update**: Raised guidance for fiscal 2026 due to strong Q1 performance [7][11] - **Growth Pillars**: Identified three main growth pillars: 1. **Zero Trust Everywhere**: Transitioning customers from Zero Trust users to Zero Trust Everywhere customers can result in a 2-3x increase in ARR [12][20] 2. **Data Security Everywhere**: Exceeded $450 million in ARR, leveraging a large security cloud that processes 500 billion transactions daily [25][24] 3. **AI Security**: Exceeded $400 million in ARR, focusing on securing AI interactions and using AI for enhanced security [30] Market Position and Strategy - **Customer Base**: Serves 45% of Fortune 500 and 40% of Global 2000 companies, indicating significant growth potential [35] - **Competitive Landscape**: Positioned uniquely in the Zero Trust market, emphasizing cost savings and the elimination of legacy hardware [41] - **Zflex Offering**: Provides flexible deployment models, encouraging longer-term commitments from customers [49][50] Future Outlook - **Long-term Goals**: Aspirations to reach $5 billion and potentially $10 billion in ARR, reflecting confidence in growth potential [47] - **Market Conditions**: Acknowledged that the current market is challenging, with cautious customer spending [55] Additional Insights - **Customer Engagement**: Emphasized the importance of demonstrating cost savings through Zscaler's deployment, which can replace existing technologies [55] - **Investor Communication**: Plans to hold an investor day to reset expectations and discuss long-term strategies [44] Important but Overlooked Content - **Zero Trust Principles**: The discussion highlighted the strategic importance of Zero Trust principles in enhancing security across various resources, including IoT and OT devices [17][19] - **Data Security Modules**: Mentioned eight key modules in data security, showcasing the comprehensive nature of Zscaler's offerings [23] This summary encapsulates the critical insights from the Zscaler FY Conference Call, focusing on financial performance, growth strategies, market positioning, and future outlook.