Tick tock, TikTok
SMRTR summary
After more than five years of political battles, TikTok appears set to survive in the US through a complex deal involving major investors. President Trump signed an executive order Thursday creating space for a final agreement, with tech billionaire Larry Ellison and Abu Dhabi-based investment firm MGX expected to take significant ownership stakes. The deal raises questions about whether TikTok can maintain its current identity under new ownership and increased oversight from powerful American investors.
SMRTR provides this summary for quick context. The original article belongs to The Verge.
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