A senior White House official revealed that TikTok's Chinese parent company, ByteDance, will receive 1 of 7 board seats for the platform's U.S. operations as part of a deal to avoid a ban, with Trump delaying enforcement of the law until April.

• All data for American users will be stored on U.S. cloud infrastructure by Oracle.
• The TikTok algorithm will be "secured, retrained and operated in the United States outside of ByteDance's control."
• ByteDance would hold less than 20% of the stock in a joint venture controlling TikTok's U.S. operations, majority-owned by American investors.