Zaid Admani

The big names involved here are the tech giant Oracle, also private equity giant Silverlake, and Abu Dhabi-based investment firm MGX.

They each are getting a 15% stake in TikTok US.

ByteDance is keeping a 19.9% stake, which is the legal maximum under the 2024 law that forced this whole situation in the

first place.

Now, Oracle will play a big role in TikTok's operations.

They'll oversee the US user data and monitor changes to TikTok's algorithm, which has always been the core national security concern and the reason for the ban in the first place.

US lawmakers were worried that the Chinese government could potentially influence the algorithm and by extension, the 200 million Americans that use TikTok every month.

But here's the thing though, ByteDance's algorithm will still power TikTok US.

The US entity is licensing the algorithm from ByteDance.

Now, apparently this algorithm will be retrained using American data, whatever that means.

But some critics are saying that this sale doesn't meet the requirements of the 2024 law.

Still, President Trump is calling this a win.

He posted on Truth Social last night that he was so happy to have helped save TikTok, and he even thanked Chinese President Xi for approving the deal.

So yeah, I guess the TikTok saga is officially behind us.

It's not going anywhere.

It will continue to operate in the US.

Now, I'm still not sure who's really in control of TikTok these days.

Is it still ByteDance?

Is it Oracle?

Maybe the US government?