You're allowed to keep scrolling. TikTok has finalized its U.S. joint venture

Core Viewpoint - TikTok has secured its future in the U.S. through a new joint venture with American investors, alleviating previous concerns about its operations and ownership structure [2][7]. Group 1: Joint Venture Structure - The joint venture was established under an Executive Order signed by President Trump, requiring ByteDance to divest majority ownership to an American-led investor group [2][3]. - The new venture includes three managing investors: Silver Lake, Oracle, and Emirati investment firm MGX, each holding 15%, while ByteDance retains 19.9% [2]. - Adam Presser, previously TikTok's head of operations, will lead the new venture, supported by a seven-member, majority-American board of directors [3]. Group 2: Data Protection and User Safeguards - The new venture will implement enhanced protections for user data and algorithms, alongside improved content moderation and software assurances [4]. - These protections will be secured through Oracle's cloud environment, ensuring national security through comprehensive data protections [5]. Group 3: User Base and Market Impact - TikTok continues to operate normally for American users, boasting over 200 million users and 7.5 million businesses utilizing the platform [5]. - The announcement has provided relief to U.S.-based influencers who depend on TikTok for their livelihoods, particularly in Southern California [6]. Group 4: Legislative Context - The deal addresses long-standing security concerns regarding ByteDance's ties to China, which had cast uncertainty over TikTok's U.S. operations [7]. - The executive order signed by President Trump allowed TikTok to continue operating in the U.S. while outlining the framework for the new joint venture [8].