Overview

• An executive order endorses a U.S.-based joint venture to run TikTok’s American operations, with ByteDance capped below 20% ownership and U.S. entities directing code, algorithms, moderation, and data storage under Oracle’s expanded security role.
• The administration has delayed enforcement of the ban to finalize paperwork and reviews, and China has not publicly confirmed approval despite President Trump saying Xi Jinping gave a go‑ahead.
• Vice President J.D. Vance put the U.S. TikTok valuation at $14 billion, with investors including Oracle, Silver Lake, and MGX, and figures such as Michael Dell and Rupert Murdoch identified by the White House.
• Reporting indicates the U.S. entity may license ByteDance’s recommendation technology and share profits, potentially sending a large share of earnings to ByteDance, which has prompted questions about whether a clean break is achieved.
• Legal experts and lawmakers signal challenges over deadline extensions and compliance with the statute, and TikTok employees say internal guidance remains sparse on reporting lines, roles, and equity after a spin‑off.