TikTok Restructures to Stay in America | Inside the New Ownership Deal | Gravitas
TikTok has struck a major deal to avoid being banned in the United States. The video-sharing app has created a new, majority American-owned joint venture to run its US operations, cutting Chinese parent ByteDance’s stake below legal limits. Under the new structure, US user data will be stored on Oracle servers, American investors will hold controlling stakes, and a US-led board will oversee safety and moderation. President Donald Trump has welcomed the move, claiming credit for saving the platform, while questions remain about how independent TikTok really is.
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