Trump authorises TikTok’s continued US operations via $14bn JV

Core Points - The US government has authorized TikTok to continue operations in the country under a new joint venture structure, requiring changes to its US operations and ownership [1][5] - The joint venture will be valued at approximately $14 billion, with US investors holding a majority stake [1][6] - ByteDance, TikTok's parent company, will retain less than 20% ownership and will have limited influence on the board [2] Company Structure and Governance - The new joint venture will be headquartered in the US and will have a seven-member board, with ByteDance allowed to appoint only one director [2] - The board will consist of individuals with expertise in national security and cybersecurity [2] Data Security and Compliance - Oracle has been designated as TikTok's security provider for US operations, hosting all US user data on its infrastructure [3] - The agreement ensures that sensitive information is protected from foreign access and complies with the Protecting Americans from Foreign Adversary Controlled Applications Act [3] - Control over TikTok's US algorithm, source code, and content moderation will be transferred to the new American-led company [3] Oversight and Regulation - All recommendation models using US user data must be retrained and monitored by approved US security entities, with continuous oversight on software updates and data transfers [4] - The Attorney General has been instructed to delay enforcement of the Act for 120 days to facilitate the transfer process [4] Economic Impact - The White House estimates that TikTok's continued operations could generate around $178 billion in US economic activity over four years and support thousands of jobs [6]