ByteDance to Get About 50% of TikTok US Profit Under Trump Deal
ByteDance, the Chinese parent company of TikTok, is set to retain around 50% of the profits from TikTok's U.S. operations, even after selling a majority stake to American investors. This arrangement is part of a deal brokered by President Donald Trump to address concerns over national security and data privacy. Under the proposed deal, TikTok's U.S. business will be majority-owned by American investors, including Oracle and Walmart. However, ByteDance will continue to hold a significant share of the profits, a compromise that aims to satisfy both the U.S. government's demands and ByteDance's desire to maintain control over its popular social media platform. The specific details of the deal are still being finalized, but the arrangement highlights the complex and evolving relationship between the U.S. and Chinese tech companies.
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