TikTok’s U.S. app reportedly to use Chinese algorithm
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:
DEADLINE EXTENDED:
President Donald Trump has signed an executive order to extend the deadline for TikTok’s Chinese parent ByteDance to divest the platform’s U.S. operations until December 16, the fourth extension he’s issued since a national security law that requires ByteDance to sell off TikTok’s US business took effect in January, Bloomberg’s Alexandra S. Levine and Hadriana Lowenkron report. Trump told reporters he had “a deal on TikTok” with the Chinese, and Treasury Secretary Scott Bessent said the deal was similar to the commercial terms negotiated earlier in the year. The deal will allow TikTok’s U.S. operations to be controlled by a group including Oracle (ORCL), Silver Lake, and Andreessen Horowitz, with Oracle keeping the TikTok cloud contract. Publicly traded companies in the space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
CHINESE ALGORITHM:
China says the U.S. spinoff of TikTok will use ByteDance’s Chinese algorithm and that the U.S.-agreed framework includes “licensing the algorithm and other IP rights,” The Financial Times reports. Wang Jingtao, deputy head of China’s powerful cyber security regulator, says ByteDance will “entrust the operation of TikTok’s U.S. user data and content security.” Meanwhile, Bloomberg reported that President Donald Trump has signed an executive order to extend the deadline for TikTok’s Chinese parent ByteDance to divest the platform’s U.S. operations until December 16, which will allow TikTok’s U.S. operations to be controlled by a group including Oracle (ORCL), Silver Lake, and Andreessen Horowitz, with Oracle keeping the TikTok cloud contract.
STRUGGLING:
The Trump administration’s reach into private businesses has begun causing confusion and anxiety in Silicon Valley, with a dozen technology executives revealing the administration’s announcements of government stakes in companies have had a chilling effect, Yasmin Khorram of Politico reports. “The political climate has made it increasingly difficult for technology companies, or any kind of company, to avoid kissing the ring,” one tech executive told the journal. Companies in the space include Microsoft (MSFT), Meta (META), Amazon (AMZN), and Google (GOOGL).
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Originally Posted September 17, 2025 – Trump Trade: U.S. extends TikTok deal deadline to December 16
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