Trump Signs Executive Order on TikTok Deal, Securing US Operations

TikTok US Operations Deal

• 🇺🇸 President Trump signed an executive order supporting a framework deal to keep TikTok operating in the United States.
• 🤝 This deal aims to comply with a bipartisan law that would ban the app if not sold to US owners.

New Joint Venture Structure

• 💼 TikTok's US operations will be controlled by a new joint venture with majority American investors, owners, and a board of directors.
• 📉 Beijing-based ByteDance will hold slightly less than 20% equity in the US operations.

Data Security and Algorithm Oversight

• 🔒 A senior White House official stated that the deal ensures Americans can use TikTok with confidence in their data security.
• 🚫 Data will not be used as a propaganda weapon against US citizens.
• ⚙️ A copy of the TikTok algorithm will be brought into the US joint venture and overseen by Oracle to comply with US and Chinese laws.
• 🌐 All US user data will be stored on Oracle servers in the United States, protected from foreign surveillance.

Investment and Extended Deadline

• 💰 American investors, including Michael Dell and the Murdoch family, are expected to play a role.
• ⏳ President Trump will extend the pause on the ban or sale law by another 120 days to finalize the TikTok deal.