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Trump Restructures TikTok
- Trump announced a deal to restructure TikTok's U.S. operations, with ByteDance at 19.9% and U.S. investors about 45%, including Oracle and Silver Lake.
- The deal is valued at $14 billion, below TikTok's projected $22 billion revenue for 2024.
- Oracle is expected to manage TikTok's data.
- Trump has financial ties to Oracle.
- The H-1B overhaul raises fees. Antitrust actions target Google and Amazon.
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