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TikhakThe Chinese company by attedance, was at the center of the controversy in the United States four years ago due to concerns about the user data that is likely to be accessed by the Chinese government. Earlier this year, the application saw a temporary interruption in the United States leaving millions of users in a state of suspense before recovering quickly.
Tiktok returned to the Google Play Store In February.
However, the future of Tiktok remains uncertain, and the second possible ban on April 5 is looming on the horizon. A number of investors are competing for the opportunity to purchase the application, and if there is a deal that you go through, the American platform can be evaluated to escalate 60 billion dollarsAs destined by Vice President CFRA Research, Angelo Zino.
To understand this high risk drama, we will first review the timetable of the turbulent Tiktok relationship with the United States government, which led to various legal battles and negotiations.
The drama started for the first time in August 2020When Trump signed an executive order to ban transactions with the parent company.
A month later, the Trump administration sought to impose the sale of US Tiktok operations to a US -based company. It included prominent competitors Microsoft, Oracle and Walmart. However, a temporary American judge Prohibited Trump’s executive command, allowing Tiktok to continue to work while the legal battle is exposed.
Things began to advance more last year after moving to the Biden administration. The American House of Representatives, In the voting 360-58 overwhelmingApproved legislation against Tijook. On April 23, 2024, The Senate passed the bill.
Soon after, President Joe Biden The draft law that requires the sale or ban of Tiktok. In response, Tiktok filed a lawsuit against the United States governmentThe constitutional prohibition challenge, the application and its American users argued that the first amendment rights were violated. The company has constantly denied that it poses a security threat, confirming that its stored data in the United States is compatible with all local laws.
On December 27, 2024, Trump Opposition The potential ban of Tikhak in the court file, saying that he could find a way to maintain the application in the United States, this position was a blatant contradiction with his approach during his first presidency and presented a sudden turn of the events to Tikhak.
In January, US Supreme Court Ended by Americans Protection Act from Foreign Discount applications applications (PAFACA), usually referred to as “TIKTOK”. Tiktok issued an official announcement that it is likely to remain dark on January 19.
Although tiktok already Closed In the United States, when the act entered into force, it did not last long. The application Online After less than 12 hours. Notice the platform, “as a result of President Trump’s efforts, Tijook returned to the United States.”
On January 20Trump signed an executive order that postponed the Tiktok ban for 75 days. This extension of the application provides additional time to sell a platform or reach an agreement with Trump. Its goal is to achieve a 50-50 ownership arrangement between by atteedance and an American company.
Recently, In early MarchTrump told correspondents that his administration was holding talks with four different groups interested in buying the platform, For every Reuters.
No final deal was reached after selling the platform, but we can discover this very soon.
Below is a list of investor and companies that are rumored to be potential buyers of US Tiktok. (Surprisingly, Elon Musk Not between them.)
People offer to Tactok It is a consortium organized by the founder of Project Liberty Frank McCartHe is also the former owner of Los Angeles Dodgers. Guggenheim Securities and Kirkland & Elis assembled assembly. The main task of the people’s attempt to get Tiktok is to give priority to privacy and control of data, with an open source approach.
The concerned supporters include:
Jesse TinsleyCEO and founder of the work site, leads a union for American investors. Last month, Tinsley A announced Offer 30 billion dollars For American Tiktok operations.
The story was updated after publication to include the new parties.