TikTok, the popular video-sharing app owned by China's ByteDance, has been in hot water with the U. S. government for a while. The main worry? User data might be at risk. Recently, a big deal was struck. A group of American investors, including Oracle, Silver Lake, and MGX, will now control a big ch
So, there's this big shot from the U. S. Treasury, Scott Bessent, who was chatting on TV recently. He's been busy talking to China about some serious stuff, like tariffs and trade deals. He said they might have worked out a truce, which is good news because the U. S. was threatening to slap a huge 1
TikTok's future in the US is taking shape, but the details reveal a complex profit-sharing arrangement. ByteDance, the Chinese parent company, stands to gain a significant portion of the profits from TikTok's US operations, despite not owning a majority stake. This is all part of a deal that aims to
