What to know about TikTok’s uncertain future in the US and the people who want to buy it

Quick Summary:

TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S.for four years now due to concerns about user data potentially being accessed by the Chinese government.

Nonetheless, TikTok’s future remains uncertain, and a number of investors are competing for the opportunity to purchase the app.The platform’s U.S.business could have its valuation soar to upward of $60 billion, as estimated by CFRA Research’s senior vice president, Angelo Zino.

The People’s Bid for TikTok is a consortium organized by Project Liberty founder Frank McCourt, who is also the former owner of the Los Angeles Dodgers.

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Article Details

Author / Journalist: Lauren Forristal

Category: Technology

Markets: United States

Topics: Apps TikTok Ban Evergreens TikTok Social media

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 16:43:52 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 745 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26848590

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