Wall Street was stunned by Vice President JD Vance’s estimate of TikTok’s valuation, as he put it well below what other top social media companies are worth.
President Donald Trump signed an executive order on Thursday, clearing the way for a deal to put TikTok in U.S. hands following a divestiture by its Chinese parent, ByteDance. That avoids a total shutdown of the app in the U.S. that was required by law unless TikTok shed its China-based owner.
