The Fate of TikTok Finally Takes Shape
In a significant development, China has approved the transfer agreement for the popular social media app TikTok, according to US Treasury Secretary Scott Bessent. The move marks an end to nearly two years of uncertainty surrounding the app's future in the US.
Bessent stated that he expects the deal to move forward in the coming weeks and months, following a meeting between US President Donald Trump and Chinese leader Xi Jinping. While no further details have been disclosed, Bessent assured that a resolution is on the horizon.
China's Commerce Ministry has released a statement indicating that it will handle any issues related to TikTok with the US properly. A spokesperson for the ministry also emphasized the importance of collaboration between both countries to address any concerns.
TikTok itself has not commented publicly on the development, but the app's fate had been hanging in the balance since the US Congress passed a law in 2024 requiring its Chinese owners to sell the app's US assets by January 2025.
The agreement includes key provisions such as the appointment of board members for TikTok US and the holding of less than 20% of ownership by ByteDance, the app's parent company. Americans will hold six seats on the board, while one seat will be held by a representative from ByteDance.
US Representative John Moolenaar has expressed concerns over the licensing agreement that would allow TikTok to continue operating in the US as part of the deal.
With China's approval in hand, it appears that TikTok's future in the US is finally taking shape. The resolution of this long-standing issue marks a significant development for both countries and will likely have implications for online security and national interests.
In a significant development, China has approved the transfer agreement for the popular social media app TikTok, according to US Treasury Secretary Scott Bessent. The move marks an end to nearly two years of uncertainty surrounding the app's future in the US.
Bessent stated that he expects the deal to move forward in the coming weeks and months, following a meeting between US President Donald Trump and Chinese leader Xi Jinping. While no further details have been disclosed, Bessent assured that a resolution is on the horizon.
China's Commerce Ministry has released a statement indicating that it will handle any issues related to TikTok with the US properly. A spokesperson for the ministry also emphasized the importance of collaboration between both countries to address any concerns.
TikTok itself has not commented publicly on the development, but the app's fate had been hanging in the balance since the US Congress passed a law in 2024 requiring its Chinese owners to sell the app's US assets by January 2025.
The agreement includes key provisions such as the appointment of board members for TikTok US and the holding of less than 20% of ownership by ByteDance, the app's parent company. Americans will hold six seats on the board, while one seat will be held by a representative from ByteDance.
US Representative John Moolenaar has expressed concerns over the licensing agreement that would allow TikTok to continue operating in the US as part of the deal.
With China's approval in hand, it appears that TikTok's future in the US is finally taking shape. The resolution of this long-standing issue marks a significant development for both countries and will likely have implications for online security and national interests.
. I remember when this whole thing started going down, nobody knew what was gonna happen to the app. Now that China's on board with the deal, I think we're good to go 
. But I do have some concerns about national security and all that jazz... still waiting to see how it plays out 
. One thing's for sure though, this is a big step forward for both countries... fingers crossed it works out! 
? also, why did chinese leader xi jinping have 2 meet w/ trump again? what's really goin on behind closed doors? 
and btw, how can tiktok continue operating in the us w/o american ownership if dey r still controlled by chinese owners? seems like a pretty big loophole to me 
... like what happened to Facebook back in the day? Remember when it was just a small little startup that everyone loved? Now look at it, owned by some massive corporation that's got more power than ever. And now TikTok is basically being handed over to the Chinese government - I mean, can you even imagine if this had happened 10 years ago during the whole Edward Snowden thing? We'd all be living in a dystopian nightmare! 
Anyway, I'm glad to see TikTok's fate finally settling down. It feels like an eternity since this whole ordeal started in 2024... what was it, another presidential election? 
It's just going to be a mess if this deal doesn't work out, with all these security concerns and whatnot. And now we know that Americans will have some say in how the app is run... good, I guess 
It's been ages since I've been able to scroll through my For You page without worrying about what's going on behind the scenes.
. I know some people were worried about TikTok's data privacy and security issues, and it's good that we're getting to the bottom of things. The whole thing with the US Congress law was a bit of a mess, but at least now we know what's going on 
It's been a long and uncertain time, so let's just take it one step at a time and see how things play out 
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. But now that it's all sorted out, I wonder if they'll be able to really shake off those US security concerns 
. And what about John Moolenaar's concerns? Like, is he just trying to stir up some trouble or what? 
. Maybe we'll finally get a better idea of what's really going on behind those TikTok screens 
I mean, I get it, China has approved the deal, but can't they see how this is gonna affect American users and national security? 
It's like, hello, just because you're a powerful country doesn't mean you get to just swoop in and take over our social media platforms. And don't even get me started on ByteDance holding only 20% of the ownership... that's still way too much for my liking 
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. This whole thing is a bit too convenient if you ask me... I'm rooting for transparency so we can understand what's at play here 
but now it seems like china's finally got their act together & we're movin forward 
20% ownership limit is a good start, dont wanna have some chinese guy runnin our social media 
plus americans gettin 6 seats on the board? that's like, totally fair 
, I'm not sure if I should be relieved or concerned about TikTok's future in the US 
. And what about all the memes and videos that were made with TikTok 
... will they ever be lost forever in some digital graveyard?! 
. The fact that the Chinese government has given its approval indicates a level of cooperation and compromise from both parties, which is a positive sign for the future 
. It'll be interesting to see how this plays out and whether it sets a precedent for future tech deals between the two nations 