TIKTOK FORMS US JOINT VENTURE, NAMES ADAM PRESSER CEO

Summary from the TLDR newsletter

TikTok has formed a joint venture to keep its platform operating in the US. Adam Presser, who has worked at TikTok for almost four years and was previously a senior executive at Warner Bros., will be the CEO of TikTok USDS Joint Venture. TikTok CEO Shou Chew will be a director. The joint venture will operate under defined safeguards that protect national security.