Donald Trump is currently in the process of closing a deal that could permanently alter TikTok and throw a major wrench into the creator economy.

With far-reaching implications on the influential platform, the administration is in the final stages of negotiating terms of a multi-billion dollar purchase that would transfer majority ownership of TikTok in the U.S. to a group of MAGA-friendly billionaires.

Under the proposed deal finally unveiled last week, Oracle’s Larry Ellison , Michael Dell, the venture capital firm Andreessen Horowitz, private equity investment group Silver Lake, and Rupert and Lachlan Murdoch ’s Fox Corp, the parent company of Fox News, will be given majority ownership over the app. These new American owners would then lease a copy of TikTok’s algorithm from i

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