TRUMP PAVES WAY FOR $14B TIKTOK DEAL THAT PUTS US INVESTORS IN THE DRIVER'S SEAT

Summary from the TLDR Founders newsletter

Trump just approved a TikTok deal where American investors, including Oracle, Michael Dell, and Rupert Murdoch, will control 80% of a new US entity valued at $14 billion, with ByteDance keeping 20%. The new structure means the US company will control TikTok's algorithm and content, technically complying with the 2024 law requiring ByteDance's divestiture while keeping the app running.