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TikTok finalizes deal to keep app operating in US

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Income Estimates for TikTok finalizes deal to keep app operating in US

Based on this YouTube video's total view count of 8.78K views and industry-standard rates, the estimated total earning is $6 - $18 through ad revenue. Historical data is not yet available to calculate daily, weekly, or monthly averages.

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TikTok has finalized a deal to create a new American entity, avoiding the threat of a ban in the United States that has been in discussion for years. The wildly popular social media app finally signed an agreements with major investors including Oracle, Silver Lake and MGX to form the new TikTok U.S. joint venture. President Donald Trump praised the deal in a Truth Social post, thanking China's President Xi specifically "for working with us and, ultimately, approving the Deal." Trump add that he hopes "that long into the future I will be remembered by those who use and love TikTok." Adam Presser, who previously worked as TikTok's head of operations and trust and safety, will lead the new venture as its CEO. He will work alongside a seven-member, majority-American board of directors that includes TikTok’s CEO Shou Chew. After wide bipartisan majorities in Congress passed — and President Joe Biden signed — a law that would ban TikTok in the U.S. if it did not find a new owner in the place of China’s ByteDance, the platform was set to go dark on the law’s January 2025 deadline. For several hours, it did. But on his first day in office, Trump signed an executive order to keep it running while his administration sought an agreement for the sale of the company. The law prohibits "any cooperation with respect to the operation of a content recommendation algorithm" between ByteDance and a new potential American ownership group, so it is unclear how ByteDance's continued involvement in this arrangement will play out. Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1 Where to watch LiveNOW from FOX: https://www.livenowfox.com Follow us @LiveNOWFOX on TikTok: https://www.tiktok.com/@livenowfox Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX. Live news streaming channel when and where you need it.

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