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Trump to Sign Executive Order Approving TikTok Divestiture Deal

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President Donald Trump will sign an executive order on Thursday affirming that a deal under negotiation to sell TikTok’s U.S. operations meets the requirements of a 2024 law, according to a White House source.

The law, passed last year by Congress, mandates that TikTok’s Chinese parent company ByteDance must divest its U.S. assets or face a ban of the short video app, which has 170 million American users.

Trump, who has 15 million followers on his personal TikTok account, has publicly credited the platform with helping him win re-election in 2024. The White House itself launched an official TikTok account last month.

The administration has delayed enforcement of the divestiture law until mid-December to give time for negotiations, including lining up American investors and structuring the transaction to qualify as a full separation from ByteDance.

Thursday’s executive order is also expected to extend the compliance deadline, providing additional time for the deal to be finalized.

Instagram Reaches 3 Billion Monthly Active Users, Zuckerberg Says

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Meta CEO Mark Zuckerberg announced on Wednesday that Instagram has grown to 3 billion monthly active users, cementing its status as one of the world’s most widely used social media platforms.

The last time Meta disclosed Instagram’s user numbers was in 2022, when the app surpassed 2 billion monthly users.

Meta, then known as Facebook, acquired Instagram in 2012 for $1 billion—a deal that was initially met with skepticism since the app was focused mainly on photo sharing and generated little revenue. Since then, Instagram has become a central part of Meta’s business, with analysts estimating it could contribute over half of the company’s U.S. ad revenue this year.

A key driver of Instagram’s rapid growth has been Reels, the short-form video feature launched in 2020, which directly competes with TikTok and YouTube Shorts.

TikTok, owned by China’s ByteDance, reported earlier this month that it has more than 1 billion monthly users worldwide, underscoring the intense competition in the short-video market.

Trump team says TikTok U.S. divestiture deal close, Oracle and Silver Lake among investors

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The White House said Monday that President Donald Trump will soon certify a deal to separate TikTok’s U.S. operations from Chinese parent ByteDance, declaring it compliant with the 2024 divestiture law.

Under the agreement, ByteDance’s stake will fall below 20%, with control shifting to a mix of existing U.S. stakeholders and new investors, including Oracle and private equity firm Silver Lake. Additional “household name” investors are expected to be announced, according to a senior official.

Key deal terms include:

  • Oracle will provide U.S.-based cloud infrastructure to store all American user data.

  • Prominent U.S. investors such as Lachlan Murdoch, Larry Ellison, and Michael Dell are expected to participate.

  • The U.S. government will not take a board seat or a “golden share” in the new entity.

  • TikTok’s U.S. assets are valued at “many billions of dollars,” though an exact figure is pending.

The Trump administration is confident Beijing has signed off on the framework, though some paperwork still needs to be finalized. China’s embassy in Washington said it welcomed “productive commercial negotiations” that respected both nations’ laws and interests.

TikTok, with 170 million American users, faced a looming ban after Congress passed a law requiring ByteDance to divest U.S. operations by January 2025. Trump previously extended enforcement to mid-December to allow negotiations. His new executive order will add another 120-day pause to give investors and ByteDance time to close the deal.

The agreement marks a rare breakthrough in strained U.S.–China trade relations and could prevent a forced shutdown of one of the world’s most popular social media platforms in America.