Wild. Seems like the US company will be distinct but still linked though?
In September, Trump signed an executive order (above) approving a plan for a group of US and global investors to take control of TikTok’s American operations, giving them 120 days to complete the transaction. He also temporarily delayed enforcement of the ban until January 20, allowing extra time for the new ownership structure to be finalized.
Under the plan, ByteDance would hold less than 20% in TikTok US to comply with US law. It will also be one of seven board members for the new entity – Americans will hold the other six seats. A coalition led by Oracle, the private equity firm Silver Lake, and Abu Dhabi-based MGX is expected to hold around 45 to 50 percent.
A recent Pew Research Center survey found that about one-third of Americans said they supported a TikTok ban, down from around 50% in March 2023. About 43% of US adults under the age of 30 say they regularly get news from TikTok, more than any other social media app.
A recent Pew Research Center survey found that about one-third of Americans said they supported a TikTok ban, down from around 50% in March 2023.
That smear campaign that Meta ran last year was quite effective but it’s surprising that it didn’t have much lasting effect.
