Trump signs executive order saying his TikTok deal is legal

President Donald Trump has signed an executive order finalizing a deal to bring TikTok's US business under American control. The new TikTok entity will be owned by a group of US-based investors, with ByteDance maintaining a smaller stake and keeping the app's algorithm. The deal comes after a year of uncertainty surrounding TikTok's future in the US, with the previous administration seeking to ban the app unless it was sold to American investors. The new arrangement will see US investors, including Oracle, Silver Lake, and MGX, owning 45% of the business, while ByteDance will hold a 19.9% stake. The fate of TikTok's algorithm has been a major concern, with some lawmakers questioning the decision to license it from ByteDance. However, the executive order states that the deal ensures US investors will have "control over how the algorithm pushes content toward users," addressing these concerns. The President expressed his desire for the platform to be "100% MAGA," but acknowledged that it would treat "everyone fairly." He also claimed that China is "fully on board" with the deal, despite the ongoing tensions between the US and China.