On Friday, TikTok formally announced the creation of a joint venture that will enable the wildly popular video-sharing app to carry on with its operations in the United States.
The new business, called TikTok USDS Joint Venture LLC, was founded in accordance with the Executive Order that US President Donald Trump signed in September 2025.
Chinese parent company ByteDance will now possess less than 20% of the new company, with non-Chinese owners owning the remaining portion.
According to media reports, Adam Presser, a former head of operations and trust and safety at TikTok, will serve as CEO of the new company. He will collaborate with Shou Chew, the CEO of TikTok, and a seven-members, predominately American board of directors.
Over the years, American users have frequently been caught in the midst of this issue, unsure of how their access to the app might alter; the stakes were even greater for creators who depend on TikTok for a living. Millions of users were left in suspense during the app’s brief U.S. outage last year before it was promptly restored. On February 2, 2025, TikTok reappeared on the Google Play Store and App Store.
