TikTok has established a joint venture in the U.S. called TikTok USDS, led by Adam Presser as CEO. The partnership aims to address national security concerns by implementing data protections and will operate under a board with a majority of American members. ByteDance retains a minority stake while the app's key algorithm will be managed in Oracle's data centers.

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.

President Trump signed an executive order approving a deal that allows TikTok to continue operating in the U.S., requiring China-based ByteDance to sell its U.S. operations. The new arrangement involves a joint venture with major investors like Oracle and Silver Lake, while ByteDance retains a minority stake. The deal is subject to Chinese government approval and aims to address national security concerns.