TikTok creates U.S. joint venture to avoid a ban

TikTok has finalized a deal to create a new, majority U.S.-owned joint venture for its American operations. This move is designed to address national security concerns and avoid a potential ban in the United States.

The agreement involves splitting the U.S. app from its global business. The deal was reached with American investors, though some critics, including President Trump, have called it a concession to China.