President Donald Trump signed an executive order Wednesday approving a deal to allow TikTok to continue operating in the United States, as the Chinese app becomes majority-owned by American interests in a new joint-venture company.
The deal involves TikTok’s Chinese parent company, ByteDance, selling the social media app’s U.S. operations to a consortium of American investors, Breitbart News reported earlier this week. American technology giant Oracle, co-founded by centibillionaire Larry Ellison, will be entrusted to retrain the formerly Chinese-controlled TikTok algorithm “from the ground up” to create a separate, more secure version for…
Read the full article at BREITBART.COM
