Amazon Joins Race to Acquire TikTok
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AppLovin told the Trump administration it could address national security concerns about TikTok if it owned the app, the Journal reported.
From Forbes
A startup run by Tim Stokely, founder of adult content social media site OnlyFans, has partnered with a cryptocurrency foundation to submit a late-stage plan to acquire short video app TikTok from Ch...
From Reuters
Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches.
From Reuters
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TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.
Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,
Critics have pushed back on the deal on both free speech and free market grounds. Polling puts TikTok’s American user base at approximately one-third of all adults and two-thirds of all teens; TikTok itself has claimed that about half the U.S. population uses the app.
As the US government pushes for TikTok’s separation from its Chinese parent company ByteDance, multiple entities have shown interest in acquiring the app’s US operations. Amazon has submitted a late bid,
Under a 2024 law, TikTok faces a potential ban in the US starting on April 5 if its parent company, ByteDance, doesn't agree to divest ownership.
As the deadline for the TikTok sale approaches, the San Francisco-based publishing platform Substack hopes to capitalize on the loss by releasing a short video feature in its app.
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