TikTok's fate in the US may soon be decided. On Friday, officials representing both China and the US reportedly confirmed that the two countries have reached an agreement to switch the ByteDance-owned short-video platform to US-controlled ownership. While details of the agreement have not been made public as of now, as per the report, China wants to keep hold of the “Chinese characteristics” of the app despite the divestment. The information comes as the Trump administration's deadline extension for the divestment comes to an end. TikTok to Reportedly Be Shifted to US-Controlled Ownership According to Reuters, the US and China have reached an agreement to divest TikTok under US ownership. Citing unnamed officials representing both countries, the report claimed that a “framework agreement” has been reached around the short-video platform. The agreement reportedly came after months of discussions between the two sides. The mention of “framework agreement” is interesting here. The...
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