Trump Deal Lets ByteDance Keep 50% of TikTok US Profits
In a dramatic turn in the saga of TikTok’s U.S. operations, the new deal brokered under former President Donald Trump could allow ByteDance, TikTok’s Chinese parent company, to retain around 50 % of the profits generated from TikTok U.S., despite ceding majority control to American investors. This profit-sharing model represents a striking balance: satisfying U.S….