Source: CNBC
“President Donald Trump and TikTok said Thursday that the company had formed a joint venture to keep the video-sharing app operating in the U.S. under new American leadership. The company said Adam Presser, who has been serving as TikTok’s head of operations and trust and safety, will be the CEO of TikTok USDS Joint Venture. Presser has worked at TikTok for almost four years and was previously a senior executive at Warner Bros. … ByteDance, the Chinese parent of TikTok, will retain 19.9% of the new venture. … ByteDance was subject to a national security law, originally signed by former President Joe Biden, that required the company to sell its U.S. operations or be effectively banned in the country.” (01/22/26)
https://www.cnbc.com/2026/01/22/tiktok-forms-us-joint-venture-names-a-ceo.html