7 d. ago Chair of a House committee on China demands urgent White House briefing on TikTok deal

Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok

Society

7 d. ago The TikTok deal puts even more media in the hands of the super

Trump is clearing the way for US investors to control a wildly popular platform where millions get their newsIn 2020, only a tiny fraction of Americans got news from TikTok. These days, that number has soared to one in five.For young adults, those figures are much higher, with almost half of adults under 30 getting news there, according to the Pew Research Center.Margaret Sullivan is a Guardian US columnist writing on media, politics and culture Continue reading...

Economics

7 d. ago Abu Dhabi royal family to take stake in TikTok US under Trump deal

MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will take 15% stake, with social media firm valued at $14bnTrump signs executive order to transfer TikTok to US ownersThe Abu Dhabi royal family is to take a stake in TikTok’s US business, as Donald Trump signed an executive order brokering a deal valuing the social media company at $14bn (£10.5bn).MGX, a fund chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will take a 15% stake and gain a board seat when TikTok US is spun out. Continue reading...

Politics

8 d. ago Trump signs executive order supporting proposed deal to put TikTok under US ownership

President Donald Trump has signed an executive order declaring that a proposed deal allowing TikTok to continue operating in the United States will be a qualified sale that meets national security concerns laid out by the law

Politics

8 d. ago Trump signs TikTok deal to transfer ownership to US as China’s Xi ‘agrees to deal’ after ‘very good talk’

DONALD Trump has signed an executive order laying the groundwork for China to hand over TikTok to US owners following "very good talks" with Xi Jinping. Dealmaster Don said he had come to an agreement with the Chinese leader following years of speculation surrounding the fate of the beloved $14billion social media giant. In a...

Politics

8 d. ago Trump wants TikTok algorithm '100% MAGA' after getting Xi Jinping's blessing over deal

When asked if he'd like to see the app's algorithm suggest more Maga-related content, he quipped: "I always like Maga-related. If I could, I'd make it 100% Maga-related."

Politics

8 d. ago Trump quips he’d make TikTok algorithm ‘100% MAGA’ as he signs order for China sale to US group

The president signed an executive order Thursday, declaring that the deal – which has qualified to meet national security concerns – would allow the social media app to continue to operate in the U.S.

Politics

8 d. ago TikTok US to be valued at $14bn after Trump’s deal, White House says

Abu Dhabi’s MGX joins Silver Lake and Oracle as lead investors

Economics

9 d. ago Murdoch’s TikTok? Trump offers allies another lever of media control

Under the known terms of the deal with China, TikTok would get a new board, including Murdochs and EllisonsDonald Trump revealed last week the US and China are close to inking a deal to let TikTok continue operating in the US. Details are not final, but should the agreement go through as has been reported, the owners of the US’s most powerful cable TV channels may soon also steer the nation’s most influential social network. The arrangement would gift Trump’s billionaire allies a degree of control over US media that would be vast and unprecedented.Here’s what we know. Under the known terms of the deal, which Trump declared has the tentative buy-in of Chinese president Xi Jinping, TikTok in the US would get a new group of US investors, led by the US software giant Oracle, which would license TikTok’s vaunted recommendation algorithm and take over its security. Continue reading...

Politics

1 week ago Murdoch, Ellison and China: what we know about the US’s TikTok deal

TikTok’s future in the US has been in limbo for over year, but the Trump administration has signaled a deal is comingFor a week, the White House has signaled that a deal to transfer ownership of TikTok to a US company is forthcoming. Donald Trump is expected to sign an executive order this week that would create a structure for a group of investors to take over operations of the Chinese social media company in the US.On Monday, White House officials said that the US business software company Oracle would license a copy of TikTok’s recommendation algorithm as part of the deal. The partnership expands on Oracle’s existing management of TikTok’s trove of data collected about its US users. Continue reading...

Economics

1 week ago TikTok’s algorithm set to move from Chinese control to Big Tech under Trump’s deal to save app

White House says it has finally reached an agreement with China to secure the future of the popular social video app in the U.S., with software giant Oracle taking responsibility for users’ data

Politics

1 week ago Oracle will manage TikTok's algorithm for US users under Trump administration deal

A senior official in President Donald Trump’s administration says Oracle will receive a copy of TikTok's algorithm to operate for U.S. users

Politics

1 week ago Trump reveals Rupert Murdoch and son Lachlan’s role in deal to buy TikTok

Trump says ‘tremendous’ amount of money will be spent by new American buyers for TikTok as Democrats fret app will be subsumed by MAGA owners

Economics

1 week ago Trump says Rupert Murdoch and his son Lachlan will be involved in deal to buy TikTok

Trump says ‘tremendous’ amount of money will be spent by new American buyers for TikTok as Democrats fret app will be subsumed by MAGA owners

Economics

1 week ago Trump says Rupert and Lachlan Murdoch likely part of US TikTok deal

US president tells Fox News ‘a man named Lachlan is involved that’s a very unusual name, Lachlan Murdoch’Rupert Murdoch and his son Lachlan Murdoch will probably be involved in the effort to buy TikTok in the US, Donald Trump said in an interview on Sunday.The president was asked about the status of the sale of the app during an interview with Peter Doocy on The Sunday Briefing on Fox News. Trump administration officials have signaled that a deal for the Chinese-owned social media platform was imminent, though there has been some confusion about the status of the agreement. Continue reading...

Politics

2 w. ago Trump says Xi Jinping has agreed to approve TikTok deal, but details unclear

Trump’s statement suggests preliminary agreement between leaders in the first direct contact between them since JuneDonald Trump said on Friday that he and Xi Jinping had agreed to approve a deal over TikTok.“He approved the TikTok deal,” Trump said about Xi to reporters in the Oval Office, suggesting the leaders signed off on a preliminary agreement. But Trump offered no details about the agreement or when it would be signed. Continue reading...

Politics

2 w. ago Deal to transfer TikTok to US control unresolved despite Trump

Trump has said deal is agreed but details remain unclear, while both sides say leaders’ call was positiveDonald Trump’s attempts to broker a deal that would transfer TikTok from Chinese to US control remained unresolved on Friday despite a call between the US president and Xi Jinping.China and the US have been at loggerheads over trade negotiations and the future of TikTok, a Chinese-owned social media platform that faces a ban in the US. Continue reading...

Politics

2 w. ago Trump and Xi to meet in South Korea as US president hails TikTok deal

Trump says Chinese counterpart approved sale of video app’s American operations

Politics

2 w. ago Xi fails to confirm TikTok deal after ‘constructive’ Trump call

Second conversation between the two leaders since US president’s return to office

Economics

2 w. ago Trump on phone with China’s Xi as fate of TikTok hangs in balance

Trump and Xi are also expected to discuss trade and other pressing matters

Politics