EXCERPT:
VANCE: "No, I am not worried about that because the way that we have set up this deal from a national security perspective is that it's the American investors and the American business people who will make the determination about what's actually happening with TikTok. At the end of the day, I believe that north of 80% of the company will be owned by the American investors and their partners. This is not something where the Chinese or any Chinese entity has a large stake at the table. The board seats, there will be seven board seats in the company, six of them will be controlled by the American investors and their partners. So I feel very confident that we have successfully separated this company from TikTok global and actually made it so that we can control people’s data security, we can ensure that the algorithm is not being used as a propaganda tool by a foreign government, and that fundamentally we allow people to access this tool and this application that a lot of Americans love.”