US President Donald Trump signed an executive order on Thursday approving a plan to transfer TikTok’s US operations to American investors. The decision follows months of negotiations between the US and China regarding ByteDance’s popular social media app. Speaking at a press conference, Trump stated, “I spoke with President Xi and he said, ‘Go ahead with it.’” He added, “This is going to be American-operated all the way,” confirming that the platform will now be managed domestically.

Donald Trump signed an executive order approving TikTok’s US sale to American investors | Credit: X/ML3democrats

Who will control TikTok’s US operations?

Under the new agreement, American investors will hold the majority, about 80 percent, while ByteDance and Chinese investors retain less than 20 percen

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