TikTok today announced a long-awaited deal for a majority American-owned joint venture it said "will operate under defined safeguards that protect national security through comprehensive data protections,

Details on the expanded access to location information was published in a new privacy policy for the popular social media app.

TikTok’s new U.S.-controlled joint venture could determine whether the app survives in America and reshape how foreign-owned tech is regulated.

Here are five key things investors need to know to start the trading day.

The remainder of the TikTok US team — in ecommerce, advertising and marketing — will remain under ByteDance. In early January, Chew set up a Delaware limited liability company called TT Commerce & Global Services LLC, registering it to the address of the TikTok US headquarters.

TikTok and parent ByteDance have formed a joint venture to transfer parts of TikTok's US business to non-Chinese owners, ensuring the app's future in the US. This deal was initiated to address national security concerns and avoid a ban on the platform.

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the U.S. that has been in discussion for years.

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.