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TiktokPossivated by the Chinese Company, has been in the center of controversy in the US for four years due to the concerns about the potentially accessed user data. Only this past month, the app experienced a temporary subject in the United States that left millions in suspense before being rapidly returned.
Tiktok returned to the App Store and Google Play Store last month.
However, the future of Tiktok remains uncertain, and a number of investors are competing for the opportunity to buy the app. The business of the platform of the platform could have their assessment to the sear at the $ 60 billionas estimated from the research search cf search, angel zino.
To fully understand this high drama, first we revise the Tumbok’s Tumeline of the Tumbok with the US Government, which resulted in different battles and shops.
The drama first started August 2020When Trump has signed a executive order to prohibit transactions with pareent firm bytance.
A month later, Trump administration has sought to force a US operations sales in the US Society in the United States. The main contenders include Microsoft, oracle, and Walmart. However, a US judge temporarily blocked Trump Executive order, allow the Tiktok to continue operating while the legal battle is unknown.
Things start progress even more the year after transition to the bid administration. The United States representatives house, In a vote of the 360-58spent the legislation against Tiktok. April 23, 2024, The Senate spent the project.
Little after, President Joe Biden Signed the project that require Tiktok to be sold or prohibited. In response, Tiktok has considered the United States governmentContrac the constitution of the search and announce the app and their US users were so their first dazzled rights. The company denied consistent that owns a safety threat, affirming that their data stored in the US with local laws.
December 27, 2024, Trump opposite Tiktok ban potential in a court-tag, associate could find a way to keep the app on your app due to their surprises of the events in Tiktok.
In January, The Supreme Court of the United States Semicuted Americans of protection activity of foreign controls (pask), commonly called “Tiktok’s Prohibition”. Tiktok has made a formal ad that would be able to go to the dark on January 19th.
Although Tiktok indeed shut down In the United States when the act is entered effect, did not last long. The app turned on line less than 12 hours later. The platform noted, “as a result of the efforts of the Presidents Trump, Tiktok is back in the US”
January 20thTrump has signed an executive order that postponed the ban of Tiktok for 75 days. This extension provides the app with the additional time to sell a match in the platform or reaching an agreement with trump. Their goal is to get an arrangement of 50-50 property between the beset and a US company.
Most recent, In the beginning of MarchTrump told reporters whose administration was in fools with four different groups that are interested in buying the platform for reutants. I am
No definitive trait has been reached for the platform sales, but we can find out very quickly.
Below is a list of investment groups and companies are breaking to be potential boughts of the US operations of Tiktok. (Surprising, Elon Musk is not between them.)
The offer of the people for the Tiktok is a console organized by the bill of the project of the project Frank Mcourtthat is also the first owner of Dodgers Los Angeles. Fathers lasted investments EA Law of Liver Kirkland & Elis Helping to assemble the offer. The main offer of the people to acquire Tiktok is to private privacy and data control, taking a source of source open.
Supporters involved include:
Jesse TinsleyThe CEO and Founder of the Employer.com, is driving a consortion of American investors. Last Month, Tinyy Announced to $ 30 billion all cash bid to acquire US operations of Tiktok.
The story has been updated after publication to include new parties interested.