Who might purchase TikTok
Who might purchase TikTok—Elon Musk, Mr. Beast, or Larry Ellison?
When Jimmy Donaldson, also known as MrBeast. Announced his proposal to purchase TikTok to his tens of millions of fans, he was ecstatic.
“I might be the next CEO for you guys! I am ecstatic!” Speaking from a private jet, Donaldson remarked. Then he promised five new followers at random $10,000.
Since Monday, the internet creator’s message has received over 73 million views.
Although Donaldson stated that he was unable to provide anything regarding his bid. He assured everyone that “it is going to be outrageous.”
Numerous bidders, including Donaldson, have shown interest in acquiring TikTok.
The immensely popular social media company that is currently the focus of a rapidly developing political drama in the US.
A statute approved by then-President Joe Biden last year gave ByteDance.
The parent firm of TikTok. Based in China, until January 19 to sell the site or risk being banned in the US.
Concerns regarding TikTok’s ties to the Chinese. Government and the app’s potential to pose a threat to national security were addressed by the legislation.
The prospect of a joint venture has been raised by President Donald Trump.
He stated, “I would prefer the. United States to have a 50% ownership interest,” in a Sunday post on Truth Social. “We save TikTok, maintain it in good hands, and let it [remain online] by doing this.”
Since then, Trump has issued an executive order extending the app’s functionality for a further seventy-five days.
China was reportedly considering selling TikTok to Elon Musk. The richest man in the world and a close ally of President Trump.
Who already owns the social media site X.
According to a Bloomberg report earlier this month.
Although Musk has long opposed a TikTok ban, he wrote on X this week that “it is unfair that.
TikTok is permitted to function in America while X is prohibited from operating in China.” There must be a change.
During a press conference on Tuesday, a reporter asked Trump if he would consider Musk purchasing the platform.
The president said, “Yes, I would be if he wanted to buy it.”
Trump continued, “I would like Larry to buy it, too,” addressing Oracle chairman Larry Ellison.
A longtime Trump backer who was with him on stage for a different event.
One of TikTok’s primary server suppliers, Oracle oversees numerous data centers that house billions of the platform’s movies.
Oracle issued a warning last year that a TikTok ban might negatively impact its operations.
In 2020, when Trump was attempting to outlaw the social media platform, the cloud computing behemoth was also a top candidate to acquire it.
TikTok has also caught the attention of billionaire investor Frank McCourt, who has been discussing the idea with the media for a number of months.
According to McCourt, TikTok should be powered by technologies supervised by the Project Liberty Institute.
which he established. He has criticized social media corporations’ data harvesting methods.
Without using its unique algorithm.
Project Liberty is putting in a bid for TikTok. Despite admitting that the platform is “worth less” without the Chinese technology, McCourt told CNBC this week that Project Liberty is “not interested in the algorithm or the Chinese technology.”
In the end, the choice of a US buyer for TikTok is probably going to be heavily influenced by President Trump.
Anupam Chander, a Georgetown University law professor, predicted that the victor will be politically supportive to President Donald Trump.
According to Prof. Chander, Trump may put pressure on Congress to amend the statute as the 50-50 joint ownership arrangement does not comply with its standards.
The platform’s future is now uncertain.
According to Prof. Chander, the Biden administration committed a “unforced blunder” by permitting the statute to grant the president excessive authority over TikTok’s ownership.
Professor Chander remarked, “It was a poor idea to push the future of a big information platform into this political storm.”
