JUST IN: Trump Approves U.S. Takeover of TikTok, Cuts Chinese Control
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JUST IN: Trump Approves U.S. Takeover of TikTok, Cuts Chinese Control
"President Donald Trump has officially approved a U.S.-controlled restructuring of TikTok, allowing the popular social media app to remain available in America while addressing longstanding national security concerns tied to its Chinese parent company, ByteDance. The decision marks a significant turn in a years-long battle over TikTok's U.S. presence. Under the approved plan, TikTok's U.S. operations will be spun off into a newly created joint venture based in the United States. U.S. investors will hold the majority stake, while ByteDance and its affiliates will own less than 20 percent."
"A new American-based board will oversee operations, effectively reducing the Chinese parent company's decision-making power. The Executive Order makes clear that the app's algorithms, recommendation systems, and content moderation will now be controlled entirely by the U.S. entity. Sensitive data belonging to American users must be stored on U.S.-based cloud servers, and all recommendation models trained on U.S. data will be retrained and monitored by trusted U.S. security partners to ensure no foreign influence."
"The decision follows an interagency review led by Vice President JD Vance with input from officials from the National Security Council and intelligence community, as well as the Departments of Justice, Treasury, and Commerce. The review concluded that the divestiture satisfies the requirements of the recently passed Protecting Americans from Foreign Adversary Controlled Applications Act, which had threatened to ban TikTok if it remained under Chinese control. To allow the divestiture process to be completed, the Justice Department has been instructed not to enforce penalties for any past or ongoing activity related to TikTok for 120 days. States and private parties are barred from attempting enforcement, preserving the federal government's exclusive authority."
President Donald Trump approved a U.S.-controlled restructuring of TikTok that spins off U.S. operations into a new joint venture with majority U.S. investors and ByteDance holding under 20 percent. An American-based board will oversee operations and the U.S. entity will control algorithms, recommendation systems, and content moderation. Sensitive U.S. user data must be stored on U.S.-based cloud servers, and recommendation models trained on U.S. data will be retrained and monitored by trusted U.S. security partners. An interagency review found the divestiture meets legal requirements, and the Justice Department will pause enforcement for 120 days while states and private parties cannot enforce actions.
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