American TikTok spinoff agreed; will still use Chinese algorithm

Both US and Chinese officials are stating that an agreement has been reached for an American TikTok spin-off to be sold to American investors.

It’s not the first time the Trump administration has claimed that a deal has been agreed, but it is the first time that China is backing the claim, albeit in somewhat more muted terms …

Reuters reports:

U.S. and Chinese officials said on Monday they have reached a framework agreement to switch short-video app TikTok to U.S.-controlled…