On Thursday, Trump signed the order, which calls for a joint venture based in the US to run TikTok, including the video-sharing app’s algorithms and content moderation. The joint venture will be “majority-owned and controlled by United States persons and will no longer be controlled by any foreign adversary,” the order says. Meanwhile ByteDance and its affiliates will only be able to take a 20% stake. In addition, the deal requires TikTok’s US user data to be stored domestically to address concerns that the Chinese government could exploit the information for spying. However, the executive order doesn’t specifically say which companies will be running the joint venture or when ownership will exactly change hands. Nor does it address conflicting reports about whether US TikTok users will need to download a new version of the app for access. While the executive order doesn’t mention which companies will own a stake, Trump mentioned that Oracle’s cofounder Larry Ellison, Dell CEO Mic...