TikTok today announced a long-awaited deal for a majority American-owned joint venture it said "will operate under defined safeguards that protect national security through comprehensive data protections,

Details on the expanded access to location information was published in a new privacy policy for the popular social media app.

TikTok’s new U.S.-controlled joint venture could determine whether the app survives in America and reshape how foreign-owned tech is regulated.

Here are five key things investors need to know to start the trading day.

The remainder of the TikTok US team — in ecommerce, advertising and marketing — will remain under ByteDance. In early January, Chew set up a Delaware limited liability company called TT Commerce & Global Services LLC, registering it to the address of the TikTok US headquarters.

TikTok and parent ByteDance have formed a joint venture to transfer parts of TikTok's US business to non-Chinese owners, ensuring the app's future in the US. This deal was initiated to address national security concerns and avoid a ban on the platform.

Called TikTok USDS Joint Venture LLC, the new company will take over ownership of TikTok in the U.S., as well as the American

The TikTok deal will allow it to continue operating in the U.S.—but what users see in their feeds could be altered over time.