TikTok creators report major payout drops, lower RPMs, and engagement crashes after the U.S. sale. Here’s what’s happening.

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A new TikTok deal promises U.S. data, U.S. oversight — and fewer China ties. But Washington isn’t convinced that it’s enough.

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The new entity is called TikTok USDS Joint Venture LLC. It said the move will allow more than 200 million Americans and 7.5 ...