Tracy Mumford

Under the agreement, the company ByteDance has brought in a group of non-Chinese investors who will now help run the platform for its 200 million-plus American users.

Here are three things to know about the deal.

First, why is there a deal at all?

back in the pandemic as the app surged in popularity u.s lawmakers started to worry that it could be a national security risk with the chinese government potentially able to access personal information about americans or feed them propaganda that eventually led to a law that was supposed to have banned tiktok if it didn't break off from bite dance by early last year

But President Trump delayed enforcement of that law multiple times while he got personally involved in putting together a new arrangement of investors.

So the second thing to know, who are those investors?

ByteDance is still actually the biggest player, owning about 20% of the new venture.

Other leading stakeholders include some major investment firms and Oracle, the cloud computing giant.

Several of those new owners have ties to Trump, like Oracle's billionaire CEO Larry Ellison, who's made frequent visits to the White House.

It is the latest example of the Ellison family's rapidly expanding influence over news and entertainment in the U.S.

At this point, Larry and his son David control Paramount, which includes CBS, and are making a play for Warner Brothers Discovery.

And the third thing, what does this all mean for people who use TikTok?

The short answer?

It is too early to tell.

You do not have to download a new app, and ByteDance will still be licensing its powerful recommendation algorithm to the American TikTok.

But the new ownership will have the power to moderate content on the app, deciding which videos to leave up or take down.

That's raised concerns among some experts and TikTok users that the new owners could try to influence what people see, potentially showing more posts aligned with the Trump administration's views.

Today in Minnesota.

Hundreds of businesses are expected to close across the state as part of a general strike in protest of the Trump administration's ramped up immigration enforcement.

It comes as Minnesotans have been pushing back for weeks on the surge of federal agents there.