Trump wants 50% US ownership in a joint venture for Tiktok. Shouldn't be a problem since 60% of bytedance ownership is already non-China (probably a lot of it already US investors - General Atlantic/SIG)
https://truthsocial.com/@realDonaldTrump/posts/1138556168486...
The ownership of the company is irrelevant, it's who has control of the algorithm and where the data flows. If Tiktok US licenses the algorithm from China (which seems likely) then none of the national security issues are addressed.
Doesn’t matter what he thinks. Executive cannot override legislative action.
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Chinese government has a golden shares deal with Bytedance granting their 1% ownership the ability to nominate a board seat.
https://markets.businessinsider.com/news/stocks/tiktok-ban-b...
That 1% golden share is in Douyin, the Chinese subsidiary of ByteDance, not ByteDance or Tiktok.