From CNET: President Donald Trump signed an executive order on Thursday spelling out a deal that could transfer the majority ownership of Chinese-founded app TikTok to Americans. The app has an estimated 170 million US users.
"This is going to be American-operated all the way," Trump said.
A representative for the White House directed CNET to the president's press conference. A representative for TikTok's Chinese owner, ByteDance, didn't immediately respond to a request for comment.
An executive order titled Saving TikTok While Protecting National Security was posted on the White House website Thursday afternoon. It addresses a federal law passed in 2024 that pointed to privacy and national security threats tied to the app and that would have banned TikTok in the US if ownership were not transferred from ByteDance to a US-based entity.
The president said he agreed with Chinese President Xi Jinping that TikTok would be separated from ByteDance to continue operating in the US. US companies will own about 80% of the US version of the app. Six Americans will sit on TikTok's seven-member board of directors, The Guardian reported.
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