1. The White House announced that Americans will occupy six out of seven board seats for the U.S. operations of TikTok, the Chinese-affiliated video sharing app.
2. TikTok's U.S. operations will be majority-owned by Americans and controlled by them in terms of algorithm.
3. The data and privacy of TikTok will be managed by US tech company Oracle. Trump mentioned that substantial American patriots are buying the app, with more details to be announced soon.
2. TikTok's U.S. operations will be majority-owned by Americans and controlled by them in terms of algorithm.
3. The data and privacy of TikTok will be managed by US tech company Oracle. Trump mentioned that substantial American patriots are buying the app, with more details to be announced soon.
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Summary
U.S. takes control of six out of seven board seats for TikTok's U.S. operations, making it majority-American owned and controlled. Data privacy managed by Oracle, with Trump hinting at American patriots buying the app; more details to be revealed soon.