Investors rejoice over looming TikTok deal despite political concerns | Social Media News

United States President Donald Trump is expected to sign an executive order this week approving a deal to divest TikTok’s US operations from its China-based parent company, ByteDance, in compliance with a 2024 law.

The White House announced the agreement on Monday. A senior official said the US believes China has approved the deal and no further talks with Beijing are planned although additional paperwork is still required from both sides.

Trump…