fromFortune
2 days agoJD Vance values TikTok the same as Snapchat's parent, and Wall Street loses its mind. 'This is crazy' | Fortune
President Donald Trump signed an executive order on Thursday, clearing the way for a deal to put TikTok in U.S. hands following a divestiture by its Chinese parent ByteDance. That avoids a total shutdown of the app in the U.S. that was required by law unless TikTok shed its China-based owner. Speaking as the president signed the executive order in the Oval Office, Vance pegged TikTok's worth at $14 billion-equal to Snapchat parent Snap.
US politics
