President Donald Trump signed Executive order This mainly agrees to the sale of American Tiktok operations to the American Investors Group in order to maintain the application of social media applications in the country. Vice President JD Vance said the deal will make Tiktok to us with “about $ 14 billion.”
Tiktok was asked to strip its American business, or ban it in the United States, through the National Security Law, which was originally signed by former President Joe Biden. Trump’s executive order mainly prohibits the public prosecutor or the Ministry of Justice from enforcing this law for 120 days, while the president’s disposal plan is implemented.
The owner of Tiktok did not admit a stadium after the deal or the executive order, but he did, on September 19, the number a statement “It will work according to the laws in force to ensure that Tiktok remains available to American users through Tiktok Us”
Trump said Chinese President Xi Jinping spoke to him and gave him approval.
“I spoke to President Xi, and we had a good conversation,” Trump said. During a briefing with journalists. I told him what we were doing, and he said: “Go ahead with that.”
The matter states that the American Tiktok ‘operations will establish a new board of directors, and that the application algorithm for the application, the source symbol, and the moderate content system in the United States will be transferred to the control of its new owners. Under the terms of the deal, Oracle will supervise the safety safety operations and provide computing services for Tiktok Us.
“It is owned by Americans, and very advanced Americans,” Trump said during a briefing. “This will be an American working all the way.”
TECHRUNCH event
San Francisco
|
27-29 October, 2025
Trump said that Oracle will be among the American investors in Techchk, the United States, but he did not reveal the full list of the new owners. CNBC reports Abu Dhabi, based in Abu Dhabi, will get 45 percent at the American Tiktok company.
“This deal really means that the Americans can use Tiktok, but they actually use it with greater confidence than they were in the past because their data are safe and will not be used as a propaganda weapon as it was in the past.”
During the briefing, Trump stated that “every group, every philosophy, will be dealt with fairly” after asking whether the algorithm will appear content associated with Maga after the deal.
Last week, Trump signed an executive order that extends to the deadline of the country of Paytance to strip or ban US Titch. This represents the fourth time that Trump has extended the deadline.
Trump began the batch to ban Tiktok in 2020, and later received the support of the two parties during the Biden administration.
https://techcrunch.com/wp-content/uploads/2024/11/GettyImages-2182948673-tiktok.jpg?resize=1200,800
Source link