
President Donald Trump on Thursday afternoon signed an executive order clearing the way for a deal to put TikTok in U.S. hands, with some of his closest billionaire allies poised to take the reins. “This is going to be American-operated all the way,” Trump said during the signing, adding that the agreement had been green-lit by Chinese President Xi Jinping.
Main Idea: Trump signed an order to clear a U.S. deal for TikTok, while JD Vance said American investors would control the app’s algorithm and Larry Ellison is set to play a major role.
Key Points:
Trump allies, including JD Vance and Larry Ellison, may shape TikTok’s algorithm, which could raise concerns about bias in what millions of US users see.
A US-run TikTok deal could reduce foreign control and keep the app available for consumers and small businesses.
Rate how each entity in this article affected the American people.
Key official explaining the deal and asserting Americans will control TikTok’s algorithm.
Central actor who signed the executive order and drove the TikTok deal announcement.
Central foreign actor because Chinese approval is described as necessary for the deal.
Oracle cofounder and billionaire ally described as playing a big role in managing TikTok.
Named billionaire who would sit on the board and is part of the ownership discussion.
Major company expected to play a big role in managing TikTok and storing its U.S. data.
Chinese president whose approval is presented as necessary to the deal and part of the diplomatic angle.
Named billionaire media owner reported to be an investor in the deal.
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Sign in to commentThe deal is framed around U.S. control of TikTok and American ownership.
Rupert Murdoch’s company is mentioned as part of the investor/influence discussion.
Mentioned in the context of the Murdoch family’s stake and control dynamics, but not a central actor in.
Cited as part of Fox Corp.’s media empire and relevant to the Murdoch role.