TikTok forms U.S. joint venture, names Adam Presser CEO [MSNBC.com]
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Source: MSNBC.com
The company said Adam Presser, who has been serving as TikTok's head of operations and trust and safety, will be the CEO of TikTok USDS Joint Venture. Presser has worked at TikTok for almost four years and was previously a senior executive at Warner Bros.TikTok CEO Shou Chew will be a director of the newly formed venture, which will run as an "independent entity," according to Thursday'sannouncementTikTok USDS Joint Venture "will operate under defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software assurances for U.S. users," the company said.Trump hailed the deal in aTruth Social postHe also thanked Chinese President Xi Jinping for working with his administration, and "ultimately, approving the Deal.""He could have gone the other way, but didn't, and is appreciated for his decision," Trump wrote. China has not issued an official statement confirming the agreement.According to TikTok, the new ventur
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DXC
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- 10/30/25 - Beat
DXC
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- 12/29/25 - Form 25-NSE
- 12/12/25 - Form 4
- 12/11/25 - Form 144
- DXC's page on the SEC website