Trump signs executive order to transfer TikTok to US owners

In a significant move, Donald Trump has signed an executive order to transfer TikTok's ownership from its Chinese parent company ByteDance to US investors, allowing them to take an 80% stake. This agreement, reached in collaboration with China's President Xi Jinping, ensures that TikTok can continue its operations in the US while addressing national security concerns. This development is crucial as it not only impacts the future of a popular social media platform but also reflects ongoing tensions between the US and China regarding technology and data privacy.