US investors to take over TikTok operations in the country

The report outlines a U.S. executive order approving a restructuring of TikTok’s U.S. operations into a U.S.-based joint venture with majority American ownership, reducing ByteDance’s stake below 20%, and appointing Oracle and other U.S. investors to oversee operations, algorithms, and security. U.S. entities will control code, moderation, and data stored in U.S. cloud environments, with continuous auditing by security partners and the retraining of recommendation models on U.S.-approved data; U.S. users may transition to a new app while the global platform under ByteDance remains unchanged.