A new ownership structure limits ByteDance’s control, addresses US security concerns, and reduces the immediate risk of TikTok being banned in the United States. The post TikTok is not getting banned in the US,

The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the app's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's U.

The deal comes more than a year after Congress passed a law that forced its owner ByteDance to divest its US operations or face a ban.

A new U.S.-based joint venture would keep TikTok online while handing oversight of its algorithm and data security to some of America’s wealthiest investors.

Going forward, nearly half of the new entity, TikTok USDS Joint Venture LLC, will be controlled by investors including Oracle, Silver Lake and MGX. Current ByteDance investor affiliates will own around 30 percent, and ByteDance itself will control just under 20 percent.

TikTok's new US joint venture will hand over national-security related tasks to its partners, while ByteDance holds onto key business lines.

TikTok brought the TikTok Awards to the U.S. for the first time this year — and after attending the underwhelming show in person, I'm not totally convinced it should happen again. The night was a total disaster: full of tech mishaps, hot mics, and an ever-growing absent crowd.

Viral TikTok trend claims baby carrots before bed improve sleep, but experts tell Fox News Digital there's no scientific evidence supporting this.