Former President Donald Trump has signed an executive order restructuring TikTok’s U.S. operations, valued at approximately $14 billion. The deal grants U.S. firms, including Oracle and Silver Lake, a 45% stake, while ByteDance retains 35%. Significant changes include American control over TikTok's algorithm and content moderation. Trump emphasized national security and fairness in content, stating that he discussed the deal with Chinese President Xi Jinping, who raised no objections.
Former President Donald Trump has signed an executive order restructuring TikTok’s U.S. operations, valued at approximately $14 billion. The deal grants U.S. firms, including Oracle and Silver Lake, a 45% stake, while ByteDance retains 35%. Significant changes include American control over TikTok's algorithm and content moderation. Trump emphasized national security and fairness in content, stating that he discussed the deal with Chinese President Xi Jinping, who raised no objections.