Once again, Tiktok’s future in the United States is at stake. After a battle for several years on the question of whether the prohibition of application in the country, the deadline for the company to be deposited or sold its assets to a non-Chinese owner is again on April 5.
A handful of potential buyers have said they are interested in the application of extremely popular social media and that various reports have launched other types of transactions, including an investment by the venture capital company adapted to Donald Trump Andreessen Horowitz or an Amazon offer. Trump signed a decree in January to postpone a deadline for ban around April; Earlier this week, he said he “would like to see Tiktok stay alive”. But the way for Tiktok and its 170 million American users remain troubled.
Bytedance, the Chinese company which owns Tiktok, said that it did not intend to sell the application and that, in court documents, declared that disinvestment “was simply not possible: not commercially, not technologically, not legally”. Bytedance and Tiktok did not return any requests for comments.
The idea of prohibiting Tiktok is from Trump in 2020, who said that the application belonging to the Chinese posed a danger to national security. He quickly became a bipartite question and the congress voted massively to ban the application last year. In January, the United States Supreme Court took the side of Congress and unanimously supported a federal law demanding that Tiktok is deposited or prohibited. The deadline was initially set for January 19.
The day before the deadline, Tiktok closed the application with a message that said: “Sorry, Tiktok is not available at the moment.” Apple and Google also deleted it from their application stores, because under federal law, they would be penalized to distribute it. In his message, the social media company said: “We are lucky that President Trump said he will work with us on a solution to restore Tiktok once he has taken office. Please listen!”
On January 20, Trump’s first day of mandate, he published the executive decree which extended the bench deadline or to divide 75 days. Now this cut -off date is looming.
While initially offering to ban Tiktok, Trump did a subject last year by campaigning for the president, having joined the application and raised millions of followers. In September, he posted on his social account Truth “For all those who want to save Tik Tok in America, vote Trump!” Since then, he has been working to make this promise.
On Tuesday, CBS reported that Trump had considered final proposals for Tiktok. These include plans from a long list of investor in investment, venture capital and technology technology. Among these investors are the director of blackstone assets, the Oracle corporate software company, the Amazon electronic commerce giant, a Crypto Foundation and the founder of Onlyfans. Oracle would run a coalition offer with several investors, including Andreessen Horowitz, according to the FT.
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Oracle, who was co -founded by Trump Ally Larry Ellison, has been looking to buy lucrative participation in Tiktok for years. The software company already houses all of Tiktok’s American user data on its Cloud infrastructure platform, an agreement which was born in 2022 to respond to security problems.
“It is very unlikely that Tiktok is mistaken again. All signs indicate an agreement or another extension,” said Kelsey Chickring, Forrester’s main analyst. “If Tiktok disintegrates in the United States, the real question is whether his algorithm comes with the sale. Tiktok without his algorithm is like Harry Potter without his wand – it is simply not as powerful.”
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