American President Donald Trump is expected to approve this week, through an executive order, an agreement for TikTok, establishing the necessary framework for the short video application to continue operating in the American market.
Raluca Ioana Draghici
International
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Donald Trump is expected to approve an executive order that will allow TikTok to operate in the U.S., after months of negotiations with China. The agreement provides for the transfer of TikTok's assets to American investors, with the algorithm operated on U.S. territory and user data stored on Oracle's infrastructure. Investors such as Silver Lake and Oracle will hold the majority, while ByteDance will have a stake of less than 20%. The TikTok U.S. company will be led by a board with expertise in national security.
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