The president has signed a decree to put the Chinese-owned app’s US operations under the control of American companies and global investors
President Donald Trump has signed an executive order transferring TikTok’s US operations to American and international investors. He said he had spoken to Chinese President Xi Jinping, who reportedly told him to “go ahead with it.”
TikTok, owned by China’s ByteDance, became widely popular with American teenagers and young adults in the late 2010s. It now counts around 170 million American users. Its rapid growth sparked concerns that Chinese law could allow Beijing to access US user data.
Trump attempted to…
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