A federal law required TikTok to either be shut down in the US or sold to domestic owners at the beginning of US President Donald Trump’s second term. The White House did not immediately respond to a request for comments, but Trump had previously alluded to such a fee. The new entity — known as TikTok USDS Joint Venture LLC — will be responsible for moderating content on TikTok and protecting the data of US users. TikTok chief executive officer Shou Chew — who will continue running ByteDance’s most valuable asset globally — will have a seat on the board. Adam Presser, who was TikTok’s head of operations, trust and safety, will helm the US venture as its CEO.

Source: The Edge Markets March 14, 2026 02:58 UTC