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 ownership that wi