US TikTok deal close? Framework deal reached with China- All you need to know about social media app’s looming closure

TikTok users in the US might avoid a ban as the Trump administration and China have reached a preliminary agreement regarding the platform’s ownership. The plan involves transitioning TikTok to American ownership, with Oracle Corp. potentially being a buyer. Trump and Xi are scheduled to discuss and potentially finalize the agreement, addressing concerns about data handling and algorithm control.