Trump Executive Order Will Hand TikTok Over to US Investors

On Thursday, the United States President Donald Trump has signed an executive order to transfer the ownership of the American Tiktok operation to a group of American investors, including Oracle Larry Elison.

“I talked well with President Xi. We talked about Tijk. He gave us the green light,” Trump said at a White House press conference. And he admitted that he obtained a little resistance from the “Chinese side”. By noon on Thursday, the Chinese government did not issue a declaration that recognized the deal.

Vice President JD Vance said the deal is estimated at $ 14 billion. Its value of 330 billion dollars from August. Both Trump and Minister of Treasury, Scott Bessin, is thanks to Vans as he plays a pivotal role in mediation in the agreement.

Larry Ellson, Michael del and Robert Murdoch are among the “four or five” American investors who will take over the American Tiktok operations, according to Trump. “Oracle plays a very big role,” he said at the press conference. Vans noted that the full list of investors will be released in the “coming days”.

Details of the deal are still unknown. “What this deal guarantees is that the American entity and American investors will actually control the algorithm,” Vans said during the conference. “We do not want to use this as a propaganda tool by any foreign government.”

It is unclear whether Bytedance will remain responsible in any way to run Tiktok in the United States. Even this point, Tiktok was betting on Project Texas, a system designed to separate data access to employees in the United States and China, to calm national security concerns. But a global platform like Tiktok definitely requires different departments and geographical branches to access data from each other, making a clean unlikely chapter. For many in congress and Washington on a larger scale, any participation in the new United States of America will violate the law. On the other hand, if the license is the basis for purchasing a copy of the BYTEDANCE source law, it is difficult not to see this as a violation of Chinese law.

It is also not clear whether American users will now have to deport to a new application, and whether different content will be presented from TIKTOK users in the rest of the world.

White House press secretary Caroline Levitte said on Monday that there will be no difference. But even if the set of content that is published on the basic system is the same, the changes in the recommendation algorithm mean by their nature that users see different things. Tiktok was one of the first social networks in which the content of the content is decided by a overwhelming user experience, unlike the previous platforms that give priority to personal communications and permitted self -interests. This means that users have less control over what they see on your page for you.

There are widespread fears that the Trump administration is ready to strike its allies control over the media and social media to control the content that it does not prefer. Larry Ellson, the founder of Oracle who will have an important role in the new Tiktok entity, has close relationships with the Trump administration. CBS, now owned by his son, David Elson, is recently canceled. Late offerAnd his host, Stephen Kulbert, is a repeated Trump critic.

When one of the correspondents was asked on Thursday whether the deal means more Maga content on Tiktok, Trump replied, “If I can, I will make the algorithm related to 100 percent of Maga. But it will not work in this way unfortunately. Everyone will deal fairly.”