On Thursday, US president Donald Trump signed an executive order to transfer ownership of TikTok’s US operation to a group of American investors, including Oracle cofounder Larry Ellison. Larry Ellison, Michael Dell, and Rupert Murdoch are among the “four or five” American investors who will take over TikTok’s US operations, according to Trump. “What this deal ensures is that the American entity and the American investors will actually control the algorithm,” Vance said during the briefing. Larry Ellison, the Oracle founder who will have a significant role in the new TikTok entity, has close ties to the Trump administration. Asked by a reporter on Thursday if the deal would mean more MAGA content on TikTok, Trump responded, “If I could, I’d make the algorithm 100 percent MAGA related.