ByteDance insists it will maintain majority control of TikTok in the US

ByteDance is insisting that it will retain majority ownership of TikTok Global, contradicting President Donald Trump's claims that the app would have "nothing to do with any outside land."

Credit: Kon Karampelas
On Saturday, Trump approved "the deal in concept," which sees Oracle and Walmart take minority ownership in a new company called TikTok Global. Oracle, as the company's U.S. cloud partner, would host American user data domestically.

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