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Remember back in September when President Donald Trump signed an executive order that seemingly finalized some of the terms of a deal to spin off TikTok's US business? Three months later, that same deal is apparently one step closer to being official.
According to Bloomberg, TikTok CEO Shou Chew told employees that TikTok and ByteDance had signed off the agreement for control of TikTok's US business. It sounds like terms of the deal are roughly the same as what Trump announced earlier this year. A group of US investors, including Oracle, Silver Lake and MGX will control a majority of the new entity while ByteDance will keep a smaller stake in the venture.
According to Chew's memo, the deal is expected to close January 22, 2026. "Upon the closing, the US joint venture, built on the foundation of the current TikTok US Data Security (USDS) organization, will operate as an independent entity with authority over US data protection, algorithm security, content moderation and software assurance," he wrote according to Bloomberg. TikTok didn't immediately respond to a request for comment.
Notably, it's still not clear where Chinese officials stand on the deal. Trump said back in September that China was "fully on board," but subsequent meetings between the two sides have so far produced vague statements. In October, China's Commerce Ministry said it would "work with the U.S. to properly resolve i
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Sure, we've seen millions poured into lobbying and other means of influence during every presidency, but the last two years set a whole new bar. Business leaders, including those from almost every Big Tech company, stepped over themselves to prove fealty to Donald Trump's second administration. It's easy to see why: Their kowtowing was meant to secure regulatory favors, gain tax and tariff advantages and avoid Trump's ire. Ultimately, it was all in the service of appeasing their shareholders. Why else would Apple CEO Tim Cook, someone who typically cultivates a progressive image, hand deliver a gold plaque to the President of the United States?
Before we leave 2025 behind, it's worth documenting the many ways tech companies and leaders debased themselves for political favor with the Trump administration.
Alphabet (Google)Google dropped diversity recruitment goals in February, following Trump's executive orders dismantling DEI programs in the federal government. Google also changed its AI principles to allow AI in weapons and surveillance, a move that is in line with the relaxed artificial intelligence regulation the Trump administration would later adopt for its
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