""We are 100% confident that a deal is done, now that deal just needs to be signed and the president's team is working with their Chinese counterparts to do just that,""
""the coming days.""
""majority owned by Americans in the United States,""
""The algorithm will also be controlled by America,""
Congress passed a ban last year with bipartisan support. President Trump repeatedly ordered his administration not to enforce the law while pursuing a negotiated deal. Negotiators expressed confidence that a deal is done and expected it to be signed in the coming days. The U.S. app will be majority owned by Americans and overseen by a seven-member board with six Americans. Oracle will be responsible for the app's data and security. U.S. users may need to migrate to a newly built app running a re-created version of TikTok's algorithm, which remains the most contentious element. Exact ownership composition and user-experience impacts remain uncertain.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]