TikTok, Presser and joint venture
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"For three years in high school, I watched Chinese movies and had this incredibly eye-opening experience,” Presser said in a 2023 interview.
TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
TikTok has announced a US-based joint venture to keep the app running in America, with Adam Presser appointed as CEO
After more than a year of delays, a joint venture has officially been formed that will allow TikTok to continue to operate in the U.S.
TikTok (TIKTOK) has formed a majority American-owned joint venture that will enable the video-sharing app to continue operating in the U.S., and named Adam Presser as the entity's CEO. TikTok USDS Joint Venture will operate under defined safeguards that protect national security through comprehensive data protections,