President Trump is claiming victory after blessing a deal in which Oracle and Walmart will own a stake of TikTok, but experts wonder whether the terms of the agreement will really change anything.

U.S. tech company Oracle is joining hands with Walmart to become a technology partner with TikTok, an arrangement that satisfies the White House's concerns over the security of American user data.

As of Sunday, no mobile app store in the U.S. will be allowed to distribute or maintain the popular Chinese-owned apps, the Commerce Department says.

Trump also said he's been advised "there is no legal path" for the U.S. to keep a cut of whatever TikTok deal the government approves, an idea he had earlier floated.

ByteDance-owned tutoring app GOGOKID employes about 4,000 American teachers. Trump's crack down on TikTok could mean those instructors will lose their jobs.

TikTok employee Patrick Ryan has launched a legal challenge against the Trump administration to protect TikTok workers. The White House has given the popular app an ultimatum: Sell or be banned.

Walmart cited a potential boost from TikTok to its online presence, including the giant retailer's efforts to grow online advertising and a marketplace for third-party sellers.

Mayer, who was on the job as TikTok's chief executive for three months, said while it is the right time for him to step down a "resolution" for the company will happen "very soon."

The White House has targeted the Chinese-owned app with an executive order that would effectively ban it from operating in the U.S. Lawyers for TikTok say the president's action is unconstitutional.

The move follows a previous executive order from the president that would make "transactions" between U.S. citizens and the Chinese-owned app illegal.

Lawyers for the video-sharing app are likely to say the executive order was unconstitutional, arguing the company was not informed, as is standard, and the national-security concerns are baseless.

The president also issued an executive order aimed at cutting ties between the U.S. and the owner of the popular Chinese communications and social media app WeChat.

The social network's new Reels feature on Instagram is launching as TikTok faces scrutiny in Washington over its Chinese ownership.

A lawsuit alleging that TikTok collects and sends American users' data to China could cost the company hundreds of millions of dollars. TikTok denies the allegations.

In its first public acknowledgement of a deal that could be worth in the billions of dollars, Microsoft said it is continuing talks with TikTok about a potential takeover of the hugely popular app.