A deal has been reached to keep TikTok operating in the US, with President Trump announcing that a consortium of American investors will control its US operations. The agreement, which includes tech company Oracle, aims to address national security concerns over data sharing with China, while allowing TikTok to continue using licensed algorithms from its parent company, ByteDance. The deadline for the sale has been extended to December 16.

Oracle is negotiating a $20 billion multi-year cloud computing deal with Meta, aimed at enhancing Meta's AI capabilities by providing additional computing capacity. This move reflects Meta's ongoing efforts to secure faster access to necessary computing power alongside its existing cloud providers.