Trump signs executive order to transfer TikTok to US owners

11 hours ago

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President Trump signed an Executive Order to save TikTok from a ban while protecting national security.
TikTok's U.S. operations will be managed by a new joint-venture company, majority-owned by U.S. investors.
ByteDance will hold less than 20% of the stock and have limited influence on the board.
Oracle will act as TikTok’s security provider, ensuring safe operations in the U.S.
The divestiture removes TikTok from China’s control, addressing national security concerns.
U.S. user data will be stored securely in Oracle’s U.S.-based cloud environment.
The deal includes strict monitoring of software updates, algorithms, and data flows.
The Attorney General is directed not to enforce the ban for 120 days to allow the divestiture.
170 million American TikTok users will continue to enjoy the platform safely.
The deal supports American content creators and businesses reliant on TikTok.
The agreement is expected to generate $178 billion in U.S. economic activity over four years.
President Trump has a history of securing deals that benefit America, like the Abraham Accords and USMCA.
The administration has secured the release of 72 detained Americans abroad.
Trump’s trade strategy has led to historic agreements with multiple countries.
Pressure from Trump led Panama to exit China’s Belt and Road Initiative.

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