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Who will buy TikTok in the U.S.?

Published

2 months ago

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Former U.S. Treasury Secretary Steven Mnuchin is assembling an investor group to pursue the acquisition of TikTok, according to a report from CNBC.

This development comes on the heels of the U.S. House of Representatives passing a bill that would compel ByteDance, the Chinese owner of the popular short-video app, to divest its U.S. assets within approximately six months or face a ban.

In response to the bill, TikTok characterized it as a “ban” and urged senators to heed the concerns of their constituents before making any decisions.

Read more – The US bill that could test digital dollars

“I think the legislation should pass and I think it should be sold,” Mnuchin remarked during an interview on CNBC’s “Squawk Box” on Thursday.

“It’s a great business and I’m going to put together a group to buy TikTok,” he added.

TikTok CEO Shou Zi Chew said that the company intends to exercise its legal rights to prevent a ban.

The prospect of Mnuchin leading an investor consortium to acquire TikTok signals a potential shift in the app’s ownership landscape amid ongoing regulatory scrutiny and geopolitical tensions.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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News

Portal between countries shut down after international flashing

Published

3 days ago

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May 17, 2024

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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Leaders

Is cloud technology the solution for every organisation’s needs?

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4 days ago

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May 16, 2024

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Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured

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News

Does American media have TikTok bias?

Published

4 days ago

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May 16, 2024

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While the fate of TikTok remains uncertain in the U.S.—there is no shortage of possibilities.

Several investors are hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or face a ban.

This comes after ByteDance and TikTok filed a lawsuit against the U.S. government to block the law from going into effect.

Meanwhile, eight TikTok creators filed their own challenge, arguing the law violates their First Amendment rights to free speech.

But as the saga continues many media outlets are defending the platform.

David Zhang from China Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #TikTok #TikTokban #socialmedia #China

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