Under an agreement expected to be signed by US President Donald Trump this weekend, TikTok will transition to majority US investor ownership, with Oracle appointed as its security partner. The popular social media platform will operate under stringent oversight from Washington.YUISI ​​Sun Hat​​ for Men Women, Breathable Summer Hat for Travel, Hiking, Gardening, Sun Hats for Men​​ & Round Sun Cap for Hiking, Hats for Women​​ Indoor Outdoor Activities

Reason: The deal aims to keep TikTok operating in the US, but with new owners who are not affiliated with China. Lawmakers say the popular social media app, which is owned by the Chinese company ByteDance and has 180 million users in the US, could be used by Beijing to spread propaganda and manipulate users.4 hours agoAlso Read: Dharwad High Court Orders Police Not to Refuse Missing Persons Complaints Citing Jurisdiction

The White House confirmed that President Trump will sign off on the deal concerning TikTok’s operations in the US. White House Press Secretary Karolina Leavitt shared these details during a press briefing on Monday.

Leavitt(White House Press Secretary) stated that TikTok will be majority-owned by American investors and overseen by a board with expertise in national security and cybersecurity. Under the agreement, Oracle has been designated as TikTok’s trusted security provider.