TikTok CEO Shou Zi Chew announced a new joint venture for U.S. operations, named TikTok USDS Joint Venture LLC, with Oracle, Silver Lake, and MGX as managing investors. This move follows a national security law requiring the divestiture of TikTok's U.S. business, aiming to protect American data and ensure compliance with national security standards.

TikTok is reportedly developing a new version of its app in preparation for a potential sale in the United States. This move comes amid ongoing scrutiny and regulatory challenges concerning the platform's data privacy practices. The updated version aims to enhance user experience and address concerns raised by U.S. authorities.

TikTok has denied rumors that it is creating a version of its app specifically for the United States. The clarification comes after speculation about a U.S.-only edition surfaced, amid ongoing discussions about data privacy and content moderation policies.

Donald Trump has expressed interest in a deal involving TikTok that would result in the app being sold to American ownership, thereby distancing it from its Chinese parent company. This move comes amid ongoing concerns regarding national security and data privacy related to foreign-owned apps. The situation remains fluid as negotiations and political discussions continue.