President backs social media takeover by US investors with China retaining control of algorithm

President backs social media takeover by US investors with China retaining control of algorithm

Trump says a deal is done but the details have not been confirmed by China or the app's owner ByteDance.

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The new deal comes after the White House delayed enforcement of the ban of the short-form video app four times.

With the Ellisons (Oracle) and Murdochs (Fox) in the mix, Trump allies are poised to take at least partial control over the app’s recommendation engine.

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