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President Donald Trump signed an executive order on Thursday backing the planned sale of TikTok’s US operations to a group of American investors. He said the deal will address national security concerns while allowing the popular video-sharing app to stay available to millions of US users.
TikTok deal: Details
According to Vice President JD Vance, the new US-based company will be valued at around $14 billion. This is much lower than some analyst estimates, which put the value between $30 billion and $40 billion without the algorithm (as of April…
