TikTok Remains in US Hands Following TrumpS Executive Order
WASHINGTON – TikTok will continue to operate within the United States, averting a potential ban after President Trump signed an executive order Thursday approving the transfer of its US operations to a group of American investors. The move follows what the President described as a “very good talk” with Chinese President Xi Jinping.
Speaking from the Oval Office, Trump announced the agreement, stating that “great American investors” are poised to take control of TikTok, though he refrained from disclosing the full list of participants. He is scheduled to meet with President Xi next month during the APEC summit in South Korea.
the deal highlights the prominent role of Oracle co-founder Larry ellison, with Dell Technologies CEO Michael Dell and News Corp founder Rupert Murdoch also expected to be involved in the transition.
“I spoke with President Xi,” Trump revealed.”We had a good talk. I told him what we were doing and he said, ‘Go ahead with it.'”
[ImageofPresidentTrumpsigningthedealwithcaption:[ImageofPresidentTrumpsigningthedealwithcaption:[ImageofPresidentTrumpsigningthedealwithcaption:[ImageofPresidentTrumpsigningthedealwithcaption:President Donald Trump signed a deal Thursday, ceding control of TikTok to American investors, after speaking with Chinese President Xi. (AP)]
Vice President JD Vance clarified that the agreement ensures American control over TikTok’s algorithm. “What this deal ensures is that the American entity and the American investors will actually control the algorithm,” Vance stated. “We don’t want this used as a propaganda tool by any foreign government. We want to make sure that
