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Trump Approves TikTok Sale to US Investors

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Trump Approves TikTok Sale to US Investors

President Trump is expected to sign a deal allowing the sale of TikTok's US operations to American investors. The new joint venture will see ByteDance holding less than 20% stake, addressing national security concerns. User data will be stored in the US and overseen by Oracle, with algorithm retraining and monitoring to prevent foreign manipulation. This action complies with a 2024 bipartisan law and averts a potential ban, following previous executive orders and extensions.

Prepared by Lauren Mitchell and reviewed by editorial team.

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