A number of investors are competing for the opportunity to purchase the app, and if a deal were to go through, the platform's U.S. business could have its valuation soar to upward of $60 billion. As TikTok's future remains uncertain,

Oracle and other investors have a deal with TikTok parent ByteDance to own the video app's U.S. operations. But we don't know all the details yet.

Social media giant TikTok struck an agreement to put its U.S. operations under the majority control of U.S. investors, according to an internal memo sent by TikTok CEO Shou Chew and obtained by ABC News. The move paves the way for the China-based platform to escape legal peril months after a ban was set to rid it from app stores.

The driver, who is known to her followers as Tea Tyme, was charged with two felonies in connection with the crash last month, the police in Illinois said.

Poland has asked the European Commission to investigate TikTok after the social media platform hosted artificial intelligence-generated content including calls for Poland to withdraw from the EU, it said on Tuesday,

TikToker Nathan Apodaca, who goes by doggface208 online, speaks to PEOPLE about his viral video set to Fleetwood Mac

TikTok jumped into the top spot among social apps where young people regularly get news, according to data from the Pew Research Center.

Tynesha McCarty-Wroten was arrested last Tuesday and charged with two felonies in connection to the Nov. 3 crash that killed Darren Lucas, police say.

The singer reposted two videos with the message, “It’s been a tough year, but at least I didn’t get back with my ex.”

It’s that time of year when we all pretend we’re totally normal humans …until TikTok hits us with another list of bizarre “New Year’s Eve traditions” we definitely have to try. And, if you’re planning more than two of these,