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President Trump signed an executive order approving a deal that shifts TikTok’s U.S. operations into American hands, sidestepping a potential nationwide ban. Oracle, Silver Lake, and other investors will take a controlling stake of about 50%, while ByteDance is left with less than 20% ownership and reduced influence over TikTok’s prized algorithm and data oversight.

The deal values TikTok U.S. at roughly $14 billion and ends months of uncertainty, but it also opens a new chapter of scrutiny. Will the structure truly satisfy national security concerns? How much sway does ByteDance still hold behind the scenes? And can TikTok continue to thrive in the U.S. while navigating a highly politicized environment? The answers will shape not just the company’s future, but the precedent for foreign-owned apps in America.