The TikTok logo is displayed outside TikTok offices on March 12, 2024 in Culver City, California. Mario Tama/Getty Images North America
Mario Tama/Getty Images North America
President Trump gave his formal blessing on Thursday to a deal for a consortium of mostly U.S. investors to take over the short video app TikTok, signing an executive order green-lighting the spinoff and saying it has “good controls” in terms of security and safety.
TikTok is owned by Beijing-based ByteDance, but a law passed last year requires the parent company to divest or the app will be banned in the United States over