TikTok Owners Agree to $10B Fee in Trump Era Deal

In a surprise move, the new investors in the popular social media platform TikTok have agreed to pay a $10 billion fee to the Trump administration as part of the deal that allowed the app to continue operating in the United States.

The fee, which is one of the largest of its kind ever levied, was a key condition set by the Trump White House when it initially threatened to ban TikTok in the US due to national security concerns over the app's Chinese ownership.