Tiktok’s fate in the United States is in the balance, with the video sharing app that risks a federal ban unless his Chinese mother society, bytedance, does not give up his participation.
While the users of the app are waiting to see what happens, a colorful mix of potential buyers, including the megastar of YouTube Mrbeast, Elon Muskand founder of Oracle Larry EllisonHe entered the spotlight.
President Donald Trump, on his return to the White House, delayed the application of the ban by 75 days to find a solution, but the legal experts warn that time holds.
“Save Tiktok!” Trump proclaimed him on Truth Social, proposing as a way to follow a participation by the US government by 50% in a new joint venture. During the press conference he said that if Tiktok’s future is not insured, “it has no value. If we create that value, why don’t we have the right to half? ”
We have no idea if bytedance or the Chinese government would accept terms like this. However, analysts say that the value of Tiktok reaches up to 50 billion dollars, making it an attractive perspective for potential buyers.
Among the possible buyers is Jimmy Donaldson, better known as Mrbeast. Initially his interest looked like a joke, saying on social media: “Okay, I will buy Tiktok so he is not banned”.
But things have intensified quickly and said: “Not ironically, I had so many billionaires that they contacted me since I tweeted this”, and the joke could turn into a serious undertaking.
Mrbeast collaborated with Jesse Tinsley, founder of Employer.com, in Tiktok’s attempt. Although the exact offer has not been revealed, Tinsley said on X that their group is waiting for a response from Bytedance.
Tinsley said: “Our goal is to ensure that Tiktok remains accessible, flourishing and aligned with the values that make America great”.
According to reports, the group’s legal team includes Brad Bondiwhose sister, Pam BondiHe served as a prosecutor general of Florida. According to Tinsley, the team is ready to structure the agreement to align it with government requirements.
Elon Musk could also come into play, who has become a Trump fanboy. When asked about Musk as a potential buyer, Trump said: “I would be, if [Musk] I wanted to buy it, yes. I would like Larry to buy him too “, referring to Ellison, who had previously tried to collaborate with Walmart in an offer for Tiktok in 2020.
In the meantime, alternative proposals have emerged. Liberty project, led by the billionaire Frank McCourtHe has promoted a disposal plan that faces the concerns of the Congress on national security using a owner technological stack instead of the bytedance algorithm. McCourt said: “The offer of Project Liberty is the only solution on the table that respects the law”.
The Perplexity AI artificial intelligence start-up was also launched in the ring, proposing, according to what reported, a merger with Tiktok that would allow bytes investors to maintain participations by respecting the legal requests of the United States.
Despite all these chatter and activities, Bytedance has not indicated any willingness to sell the US activities of Tiktok. One of the complications of the entire affair is the algorithm for the recommendation of the contents to the center of the appeal of Tiktok, to which the law on divestment or prohibition prohibits being controlled by Bytedance.
We will only have to wait and see if Trump’s delay of the ban will lead to a solution or leave the millions of US users of Tiktok to the cold.
Source: Variety
by Joey Gour
Source: Geek Tyrant
Lloyd Grunewald is an author at “The Fashion Vibes”. He is a talented writer who focuses on bringing the latest entertainment-related news to his readers. With a deep understanding of the entertainment industry and a passion for writing, Lloyd delivers engaging articles that keep his readers informed and entertained.
