Trump Signs Order for American Ownership of TikTok to Enhance Security
Financial MarketsTikTokUpdated 4 hours ago

Trump Signs Order for American Ownership of TikTok to Enhance Security

President Trump has signed an executive order allowing American companies, including Oracle, to acquire TikTok's operations from ByteDance. This move aims to address national security concerns regarding user data while ensuring the platform's continued operation in the U.S. The deal, supported by prominent billionaires, could value the new U.S. company at approximately $14 billion, marking a significant shift in the social media landscape.

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Trump signs order declaring TikTok sale ready and values it at $14 billion
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President Donald Trump has taken a significant step to secure the US version of TikTok by signing an executive order that facilitates a deal for US investors to purchase its operations from ByteDance. This move aims to enhance the security of user data, with Oracle set to manage the platform's algorithm. Vice President JD Vance estimates the new US company could be valued at around $14 billion, highlighting the importance of safeguarding American users' information while ensuring the platform remains operational.

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