In a significant shift, the U.S. government has announced an agreement that will allow American companies to control the algorithm powering TikTok. Under the new terms, American investors will hold a majority of seats on a board managing TikTok's U.S. operations. This comes as TikTok faces increasing pressure due to its association with its Chinese parent company, ByteDance, which has raised national security concerns. White House press secretary Karoline Leavitt confirmed that once finalized, tech giant Oracle will handle TikTok’s data and security, while Americans will control six out of the seven board seats. Trump highlighted that American investors are eager to step in, with discussions ongoing between U.S. officials and Chinese counterparts to finalize the deal. The administration remains confident that an agreement will soon be signed to secure TikTok's future in the U.S.
TikTok's Future in the U.S. Looks Brighter with New Deal
TikTok's Future in the U.S. Looks Brighter with New Deal
A new agreement aims to give American companies more control over TikTok, ensuring U.S. oversight of its algorithm and operations.
The White House announced that a deal regarding TikTok will allow U.S. companies to manage the app’s algorithm, with American control over most board positions. This move comes as TikTok navigates potential bans in the U.S. due to its Chinese parent company, ByteDance. President Trump and Chinese leader Xi Jinping discussed this deal, which aims to finalize American oversight and security for TikTok's operations.
