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
www.shutterstock.com
Always see our news on Google
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.
Sources
Latest News
22:50
German Foreign Minister warns that the Black Sea is becoming a theater of war after attacks on commercial vessels
22:36
EU signs new European protocol on the cross-border confiscation and recovery of criminal assets
22:24
The EU adopts new control rules for sprat and turbot fishing in the Black Sea
22:20
Mobility shifts medical staff between states but does not resolve the EU-wide shortage. Romania remains one of the main countries of origin
22:16
The Railway Reform Authority has designated Siemens Mobility as the winner for 23 electric locomotives, under a contract worth over 764 million lei
See more news
NEWS ON THE SAME TOPICS
.webp)
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
