Overview

• Press secretary Caroline Leavitt said the pact will move the platform to majority American ownership under a board with national security and cybersecurity expertise in partnership with the U.S. government.
• Special assistant William Martin stated that U.S. user data will be fully stored and processed domestically, with Oracle running the algorithm inside the United States.
• The Wall Street Journal reported the president is expected to approve the arrangement by executive order this week, and users will continue using the same app.
• Reuters outlined a structure with a seven-member board, ByteDance holding under 20% and one seat, and the recommendation system retrained to operate outside ByteDance control in the U.S.
• President Trump named prospective U.S. investors, citing Larry Ellison, Michael Dell and Lachlan Murdoch, while indicating Rupert Murdoch could also join the group.