TikTok Sale Grows Closer as Trump Signs Executive Order Legalizing It

U.S. President Donald Trump has signed an executive order that outlines how the China-based Bytedance divestiture from TikTok in the United States will play out, laying the groundwork for the app to be majority-owned by U.S. persons and leaving Bytedance with a minority stake. This move only applies to the U.S.-based version of the app.

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