China’s ByteDance will be allowed to pick one of seven board members for TikTok’s new U.S. reality under a draft agreement between Washington and Beijing, a elderly White House functionary said Saturday. The other six board seats would go to Americans.
The deal is aimed at precluding the popular short- videotape app, which has 170 million U.S. druggies, from being banned under a 2024 law. That law ordered TikTok shut down by January 2025 unless ByteDance vended its U.S. means. President Donald Trump has delayed enforcement untilmid-December to give time for accommodations, line up U.S. investors, and insure the trade meets legal conditions.
The conditional advance ends months of stalled addresses between the world’s two largest husbandry and could help ease pressures in a trade disagreement that has rattled global requests. Trump said Friday that he and Chinese President Xi Jinping had made progress on TikTok in a phone call and plan to meet in six weeks. Beijing has not verified how far the addresses have advanced.
According to the White House functionary, Trump plans to extend the pause on the 2024 law’s enforcement for another 120 days, setting April as the coming deadline for a final deal. TikTok has not reflected.
Some lawgivers remain skeptical. “ The devil will be in the details, ” said Representative Frank Pallone, a Democrat. “ We can not allow China continued access to massive quantities of Americans’ particular data, and we can not allow Trump to hand TikTok over to his tech bro musketeers and turn it into a MAGA prophet. ”
It’s still unclear whether the agreement meets the law’s demand for a full divestiture. Trump, who credited TikTok with helping him winre-election last time and has 15 million followers on his particular account, launched an sanctioned White House TikTok account last month.
Under the plan, all U.S. stoner data would be stored on Oracle’s pall structure. TikTok’s content algorithm would be “ secured, retrained and operated in the United States outside of ByteDance’s control, ” the functionary said. The algorithm would be rebuilt under U.S. supervision using domestic data, which would not be participated abroad. U.S. officers have advised that the algorithm could else be used to impact what Americans see on the platform.
druggies would still be suitable to view and partake global content. The new company running TikTok’s U.S. operations would be maturity- possessed by American investors and led by a board with public security and cybersecurity moxie. ByteDance would hold lower than 20 percent of the stock in the common adventure. Current ByteDance investors include Susquehanna International Group, General Atlantic, and KKR.
