TikTok’s U.S. Joint Venture: Major Shift in Ownership as of December

In a landmark move, ByteDance has finalized a binding agreement to create a U.S. joint venture involving TikTok, marking a major shift in ownership dynamics. For the first time, a majority stake will transition to American investors. This deal draws attention against a backdrop of ongoing geopolitical tensions and security concerns surrounding Chinese-owned tech firms. With TikTok’s immense user base in the U.S., the implications of this ownership change are profound, reshaping both the tech landscape and international relations.