Overview

• President Trump signed an executive order endorsing a framework to keep TikTok operating under a U.S.-led joint venture valued at about $14 billion, with ByteDance limited to under a 20% stake.
• Vice President J.D. Vance said he is confident the arrangement separates U.S. operations from ByteDance, with Oracle to host U.S. data and help retrain the recommendation system.
• ByteDance has not publicly confirmed participation and Chinese authorities have not announced required approvals, while the order grants roughly 120 days to finalize terms.
• Reporting indicates ByteDance could retain influence over key revenue functions such as advertising and e‑commerce and receive a significant share of U.S. TikTok revenue, raising compliance and security concerns.
• Legal and political scrutiny is intensifying over repeated deadline extensions outside the statute and over the investor lineup featuring Trump allies, with lawmakers signaling oversight on algorithmic independence.