All news with #bytedance tag

U.S. Investors to Take Over and Restructure TikTok Operations

🔐 President Trump has signed an executive order approving a plan to separate TikTok’s U.S. operations from Chinese owner ByteDance, enabling a new U.S.-based joint venture to manage the service domestically. The agreement covers TikTok and related apps such as Lemon8 and CapCut and limits ByteDance to under 20% ownership. Oracle and other American investors will control algorithms, data storage, and content moderation while security partners monitor code and data flows.