Trump signs order clearing way for takeover of U.S. version of app
Summary
President Trump signed an order to allow a group of mostly U.S. investors to take over the American version of a popular video app. Oracle, a software company, will play a big part in the new company.Key Facts
- President Trump signed an order related to the takeover of a video app in the U.S.
- The order allows mostly U.S. investors to be part of this takeover.
- Oracle, a software firm, will have a major role in the new setup.
- The app involved is popular for sharing short videos.
- The decision was announced on a Thursday.
- Some experts have criticized the terms of the deal.
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