23 Jan 2026 | 5 Mins Read
TikTok establishes US joint venture, names Adam Presser CEO
Flipitmoney
TikTok and Donald Trump announced a joint venture to keep the app operating in the US under new American leadership. Adam Presser will be CEO of the TikTok USDS JV, which will operate with safeguards protecting national security through data protections and content moderation. Trump hailed the deal, saying it will be owned by a group of American investors. ByteDance retains 19.9% ownership.