by Less than a month after the extension of a deadline to ban Tiktok for the third time, President Donald Trump told reporters on Friday evening that: “We have almost a deal” Tiktok – but he did not offer any details.
The details and timing of a potential deal are not clear. Tiktok did not immediately respond to messages for comment on Monday.
Emarketer analyst Jeremy Goldman said that while Tiktok is said to be an American version of his app “Plant” to meet legal limitations, the platform – if it is launched without the original Tiktok -Algorithm – “the risk of losing the high personalization that stimulates the user’s involvement.”
In other words, Tiktok is simply not ticktok without its algorithm.
“And to get millions to download a new app is not a small performance to say the least,” Goldman added.
This is what you need to know where Tiktok is in the US after the comments of Trump.
Extensions continue
Although he does not have a clear legal basis for this, Trump continued to extend the deadline for TIKTOK to prevent a ban in the US, this gives its administration more time to bring a deal to the social media platform under American ownership.
It is not clear how often Trump can remain the prohibition and will continue to expand, while the government continues to negotiate a deal for Tiktok, who is owned by China’s bytedance. Although there is no clear legal basis for the extensions, there have been no legal challenges against the administration so far. Trump has gathered more than 15 million followers on Tiktok since he joined last year, and he has credited the trendset platform to help him get a grip with young voters. He said in January that he has a “warm place for Tiktok.”
TIKTOK remains for the time being
For now, Tiktok continues to function for its 170 million users in the American Tech giants Apple, Google and Oracle were persuaded to continue to offer and support the app, about the promise that Trump’s Ministry of Justice would not use the law to look for potentially steep fines against them.
Americans are even closer to what they should do on Tiktok than two years ago.
A recent research research by Pew Research Center showed that about a third of Americans said they supported a tap ban, against 50% in March 2023. About a third said they would oppose a ban, and a similar percentage said they were not sure.
Among those who said they supported the ban on the social media platform, about 8 out of 10 mentioned concerns about the data safety of users who were in danger in their decision, according to the report.
Trump said on Friday that on Monday or Tuesday the US would bring the proposal to the Chinese leader Xi Jinping or one of his representatives. The president said he thinks they “probably” need China to approve the deal, but he wasn’t sure if they should.
When asked if he was convinced that China would approve the deal, Trump said: “I have no confidence, but I think so.”
He said that for the US: “We earn a lot of money when the deal goes through.”
Who wants to buy tick?
Although it is unclear whether bytedance is planning to sell ticktok, various potential bidders have emerged in recent months.
Aids for vice -president JD Vance, who was tapped to supervise a potential deal, have attracted some parties, such as the artificial intelligence startup PerTlexity AI, to get additional details about their bids, according to a person who is familiar with the issue. In January, Pertlexity Ai Bytedance presented with a merger proposal that would combine the affairs of Pertlexity with the American operation of Tiktok.
PerTlexity had no comment on Monday.
Other potential bidders are a consortium organized by billionaire manager Frank McCourt, who recently recruited Reddit co-founder Alexis Ohanian as a strategic adviser. Investors in the consortium say they have offered $ 20 billion in cash for the American platform of Tiktok. And if they are successful, they are planning to redesign the popular app with blockchain technology that they think users will give more control over their online data.
Among the possible investors are the software company Oracle and the investment firm Blackstone. Neither of the companies immediately responded to messages that were commenting on Monday.
