New Delhi, Sept. 22 -- The United States and China are inching toward a breakthrough that could finally end months of speculation over the future of TikTok, the wildly popular short-video platform used by more than 170 million Americans.
Under a draft plan now taking shape, control of TikTok's U.S. operations will pass to an American-led consortium, trimming the role of Chinese parent company ByteDance to a small minority stake.
A new board made up largely of U.S. citizens would steer the company's business decisions, while all American user data and the platform's powerful recommendation system would be managed strictly on U.S. soil.
Taking a new step in further developments, President Donald Trump confirmed yesterday that several promi...