Deal is done to keep TikTok in the US, says Trump

TikTok Avoids Ban in the US after Deal is Reached The Trump administration has reached a deal to allow TikTok to continue operating in the United States. The popular social media app had faced a potential ban over national security concerns. Under the agreement, TikTok's U.S. operations will be spun off into a new company, with Oracle and Walmart taking a significant stake. This new entity, called TikTok Global, will be headquartered in the U.S. and will be responsible for handling TikTok's data and content moderation for American users. The deal is subject to approval by the U.S. government. President Trump has stated that the arrangement satisfies his demands for a "total security" solution, with the new company expected to create 25,000 new jobs. The agreement comes after weeks of negotiations and uncertainty surrounding TikTok's future in the United States. The resolution allows the platform to continue serving its large user base in the country, while addressing the administration's concerns over data security and Chinese government influence.