Summary
A deal to transfer TikTok's U.S. operations to American ownership is almost complete. The agreement will give the U.S. control over TikTok’s algorithm. The White House expects the deal to be signed soon.
Key Facts
- The White House announced a deal for TikTok's U.S. platform to be under American ownership.
- The control of TikTok's algorithm, which determines what users see, will be American.
- A ban passed by Congress last year is not being enforced by President Trump as he negotiates this deal.
- The U.S. platform will be majority owned by Americans.
- The board overseeing TikTok's U.S. operations will include six Americans out of seven members.
- Oracle will manage TikTok's data and security in the U.S.
- Discussions included the possibility of U.S. users moving to a new version of the app.
- The exact details of the deal and its implications for users are still unclear.
