Trump Executive Order Will Hand TikTok Over to US Investors

On Thursday, US president Donald Trump signed an executive order to transfer ownership of TikTok’s US operation to a group of American investors, including Oracle cofounder Larry Ellison.

“I had a very good talk with president Xi. We talked about TikTok. He gave us the go-ahead,” Trump said during a White House press conference. He conceded that he’d gotten a bit of resistance from the “Chinese side.” By Thursday afternoon, the Chinese government had not issued an announcement acknowledging…