Social media

The startup will become part of Meta Superintelligence Labs, and Moltbook’s creators, Matt Schlicht and Ben Parr, will join the team.

Truth Social serves as the primary social media platform for President Trump, who has used it to communicate policy positions, preview economic data and comment on geopolitical developments.

The new U.S. TikTok JV will be responsible for core operations affecting American users, including content moderation and data storage, which will be overseen by Oracle.

White House officials confirmed that China has accepted the U.S. conditions, and that all parties to the deal have signed off.

Key named U.S. investors include Larry Ellison, Michael Dell and Lachlan Murdoch.