Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.
President-elect Donald Trump says he “most likely” will give TikTok 90 more days to work out a deal that would allow the popular video-sharing platform to avoid a U.S. ban
A change to China’s export rules could give Beijing sign off on any deal that would force the internet giant ByteDance to give up TikTok.
The Supreme Court seemed to lean Thursday toward upholding a law forcing Chinese parent company ByteDance to sell off TikTok, with all nine justices indicating national security concerns posed by the social media app outweighed potential threats to free speech.
American billionaire wants to buy TikTok - but not its ‘highly addictive algorithm’ - Elon Musk was recently linked with buying the US arm of ByteDance’s flagship app but those reports were quickly di
Unless its owner agrees to sell, TikTok will be banned in the U.S. on Jan. 19. Here's how to download your account if no one buys the app.
Wedbush analyst Dan Ives estimates TikTok is worth “well north of $100 billion” with the algorithm — and potentially up to $200 billion in a “best case scenario.” “Without the algorithm it’s $40 billion to $50 billion,” Ives said, adding he does not believe that ByteDance and Beijing would sell TikTok with the algorithm.
If it feels like TikTok has been around forever, that’s probably because it has, at least if you’re measuring via internet time.
On Friday, the United States Supreme Court finished debates on whether or not to uphold the incoming ban on a popular social media platform.
Challenges came in tandem with TikTok’s success. U.S. officials expressed concerns about the company’s roots and ownership, pointing to laws in China that require Chinese companies to hand over data requested by the government. Another concern became the proprietary algorithm that populates what users see on the app.
Business moguls should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell.
The clock is ticking towards a U.S. ban on TikTok, but users seeking clarity on what that will mean got little information on Saturday from the company that runs the popular video-sharing platform or the tech giants that offer the TikTok app in their digital marketplaces.