It may be at the centre of global controversy but social media phenomenon TikTok is investing in Ireland.
The company has announced it’s intention to ‘establish a new data centre in Ireland, and our first data centre in Europe.’
‘This investment in Ireland, to the value of approximately €420million, will create hundreds of new jobs and play a key role in further strengthening the safeguarding and protection of TikTok user data, with a state of the art physical and network security defense system planned around this new operation. This new regional data centre will deliver tangible benefits, including enabling faster loading time that will help our TikTok community to enjoy an even better experience. When our data centre is operational, European user data will be stored in this new location.’ said the statement.
IDA Ireland CEO Martin Shanahan said: “TikTok’s decision to establish its first European data centre in Ireland, representing a substantial investment here by the company, is very welcome and, following on from the establishment of its EMEA Trust & Safety Hub in Dublin earlier in the year, positions Ireland as an important location in the company’s global operations.”
Exactly what the social media company’s ownership structure will look like when the data centre opens is anyones guess.
Not everyone’s jumping for joy either.
Sounds like another Hollywood movie in the making!