President Donald Trump is expected to sign off on the creation of a new U.S. arm of the popular Chinese social video app TikTok later this week, which would see it continue to use owner ByteDance’s algorithm under the control and supervision of the tech giant Oracle.
Trump has repeatedly extended the deadline for ByteDance to find a new owner in the U.S. or be banned from American app stores in compliance with a 2024 law passed by Congress, a prospect that would have dismayed its 170 million U.S.-based users.