TikTok Secures Major Deal to Remain in the United States
TikTok has secured a major deal allowing the platform to remain operational in the United States, blocking a nationwide ban that could have shut the app down. Under the agreement, American investors will take majority control of TikTok’s U.S. operations, while parent company ByteDance reduces its ownership stake to under 20 percent. U.S. user data will now be stored on secure American servers, addressing long standing national security concerns. The deal brings an end to years of political pressure surrounding the app and directly impacts more than 200 million American users and millions of creators who rely on TikTok for income, visibility, and community.