The United States Treasury Secretary announced an agreement regarding the ownership of TikTok, a US-based social media platform. The agreement signifies a significant step in the US government’s efforts to control the platform’s operations within the country. The US will participate in a framework that allows for US ownership of the platform’s American operations. This arrangement is expected to influence the future of TikTok within the United States, impacting its monetization strategies and user demographics. The details of the specific terms are currently being reviewed and discussed by various regulatory agencies.
Credits: BBC News