The Trump administration announced a deal to bring TikTok under U.S. ownership, allowing Oracle to oversee American user data and manage the app's recommendation algorithm. This move aims to prevent a ban on the popular platform by licensing the algorithm from its Chinese parent company to an American investor group.

Trump administration officials have indicated that TikTok will be shut down in the US if China does not approve a deal that allows American control over the app and its algorithm. While the administration pushes for a sale to US buyers, ByteDance contends that national security concerns can be addressed without forcing a sale. The standoff continues as the US demands control over the app's key technology.