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Trump Strikes Deal for US Investors to Control TikTok

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US President Donald Trump has announced an agreement facilitating US investors' control over social media giant TikTok. This development comes after months of threatened bans on the China-based app, which were postponed by Trump as negotiations progressed. The arrangement aims to bring TikTok under domestic ownership, focusing on securing user data and managing the app's influential algorithm.

 

The algorithm, a key feature of TikTok's popularity, is set to be controlled by American investors following the agreement. Vice President J.D. Vance, present at the Oval Office announcement, expressed assurance that this move would bolster user confidence. He indicated further details about the ownership transition would be released shortly.

 

The US version of TikTok is estimated to be valued at 500 billion Thai baht, as stated by Vance. President Trump confirmed support from Chinese President Xi Jinping, though official confirmation from China was pending. Among the US investors involved, tech giant Oracle is confirmed, though the complete list of stakeholders remains undisclosed.

 

The US Congress had previously passed legislation for a TikTok ban due to security concerns, giving the app time to sever ties with parent company ByteDance. TikTok's attempt to challenge the move on First Amendment grounds was unsuccessful at the Supreme Court, where national security was prioritised due to potential data misuse. Although the app was briefly unavailable, the government assured tech companies compliance enforcement would pause during transition negotiations.

 

Key Takeaways:

 

  • US investors are set to control TikTok, focusing on data security.
  • The TikTok algorithm will be overseen by American stakeholders.
  • The deal has been acknowledged by both US and Chinese leadership.

 

 

image.png  Adapted by ASEAN Now from ABC News 2025-09-26

 

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