Wall Street Breakfast TikTok’s U.S. survival plan is locked in
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Dec 19, 2025 ByteDance has locked in a joint U.S. venture with Oracle and others to manage TikTok's operations and data in the U.S. Instacart has settled a $60 million FTC claim over deceptive practices, with funds earmarked for consumer refunds. Nike has surpassed earnings expectations but is grappling with tariff impacts and declining margins. Additionally, market highlights include Sony's acquisition of the Peanuts franchise and a look at tech stocks poised for growth in 2026. Tune in for the latest updates and market trends!
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TikTok Secures U.S. Governance Deal
- ByteDance signed binding agreements to create a U.S. joint venture majority-owned by American investors.
- The new entity will control U.S. data protection, algorithm security, software assurance, and content moderation.
Operational Split Between U.S. And Global Teams
- Once closed, the U.S. joint venture will operate independently over key safety and moderation functions.
- Global product interoperability and commercial activities will still be managed by ByteDance's global entities.
Follow FTC Rules On Fees And Trials
- Instacart must clearly disclose delivery costs and obtain express informed consent for subscription enrollments under the FTC settlement.
- The $60 million will be offered as consumer refunds and the company must stop misrepresentations about guarantees.