TikTok U.S. Joint Venture Deal Closes, Former Warner Bros. Exec Adam Presser Named CEO

ByteDance has closed a deal to form TikTok U.S., a joint venture that will be majority-owned by American investors — finally bringing the popular video app into compliance with a U.S. law that went into effect last year. In the U.S., TikTok has more than 200 million individuals and 7.5 million businesses that use the […]