Do you think TikTok will sell its U.S. stake? + Quick summary

Just to make it clear:

In 2022, it became public that TikTok (or rather its parent company ByteDance) had used the app to monitor the communication of journalists in the U.S.

After that revelation, the U.S. government under Biden attempted to ban TikTok; the ban was approved and took barely 24 hours. 😀

Then Trump revoked this ban and extended the period during which the US and Chinese TikTok somehow concluded to some agreement, so the solution was that the share would be bought by American companies, and they (the US) would have control over the data. Trump is up for this agreement; we still wait for China.

[Oracle, Silver Lake, and Abu Dhabi-based MGX will get a 45% stake in TikTok’s US company.]

• Do you think that China will agree with the TikTok sell-off?

• One small test: How many of you use TikTok as a marketing channel for your company that drives your sales?

MY POV: I think it will pass, but it's still pretty shady considering that TT (Bytedance) has a problem selling something when they want to stay in the market (they are not saint). :D I've seen with several companies that most companies have bet on this network and are making a lot of money from it, e.g. David Park with Jenni AI. And there are many small creators from the US who have TT like a source of income. In case, that the agreement will not be signed, it can cause that EU will follow this case as well.