Trump signs executive order saying his TikTok deal is legal

President Donald Trump has signed an executive order finalizing some of the terms of a deal to bring TikTok's US business under American control. The new TikTok entity will be owned by a group of US-based investors, while ByteDance will maintain a smaller stake in the new company and keep the app's algorithm.

TikTok has faced more than a year of uncertainty about its future in the United States since former President Joe Biden signed a law last year requiring ByteDance to sell TikTok or face a ban. In January, the Supreme Court upheld the law and TikTok briefly went dark just as Trump took office. Trump promptly signed an executive order extending the ban deadline for the app. (He signed off on a fourth extension last week.) Today's order declares that the plan to split off a US entity from the ByteDance-owned company will ...