TikTok, Trump
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In a memo to staff reviewed by Reuters, TikTok CEO Shou Zi Chew confirmed that all US data “will be stored in a trusted and secure cloud environment in the United States run by Oracle,” with Oracle ultimately responsible for safeguarding US data.
Since October, there has been no formal word on a deal between the Trump administration and China over the app.
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Will TikTok be banned? Donald Trump says he has a 'warm spot' for app as it faces January deadline
Trump told reporters that he believed the social media app helped him gain ground with young voters in the 2024 election.
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TikTok finally signs deal to sell its US entity to joint venture controlled by American investors
TikTok has signed a deal to sell its U.S. entity in a joint venture controlled by American investors Oracle and Silver Lake along with Abu Dhabi-based MGX. The deal ends a long-running effort to force TikTok’s Chinese parent ByteDance to sell off the company’s U.
TikTok has signed agreements with investors to establish a new U.S. joint venture, a move CEO Shou Chew said advances the company toward resolving a yearslong battle over its U.S. operations.
President Donald Trump returned to TikTok on Oct. 6 for the first time in nearly a year after his administration worked on a deal that would keep the popular video app operating in the United States. "To all of those young people of TikTok, I saved TikTok ...
The moves are being made so that the popular app can continue operating in the US.
The sale of TikTok to a U.S. buyer could be finalized on Thursday, Oct. 30, Treasury Secretary Scott Bessent said. "I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday ...
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Barron Trump, 19, is reportedly being considered for a leading role at TikTok as the platform transitions to U.S. ownership. This claim comes after his father, President Donald Trump, issued an executive order handing control to American investors led by ...
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