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Trump Executive Order Will Hand TikTok Over to US Investors
After five deadline extensions and several rounds of negotiations, President Trump signed an executive order to put TikTok’s US operations in the hands of Oracle and other American investors.
Up to this point, TikTok has been betting on Project Texas, a system designed to separate the data access of US- and China-based employees, to soothe national security concerns. TikTok was one of the first social networks in which the content algorithm overwhelmingly decides a user’s experience, unlike previous platforms that prioritize personal connections and self-labeled interests. CBS, which is now owned by his son David Ellison’s Paramount Skydance Corporation, recently canceled The Late Show, whose host Stephen Colbert is a frequent Trump critic.
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