Deal to secure TikTok’s future in the US has finally closed
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1mOpinion
The details provided so far around TikTok’s new U.S. operation don’t tell us whether concerns prompting the 2024 federal law requiring Chinese divestiture of the platform have been
A number of investors are competing for the opportunity to purchase the app, and if a deal were to go through, the platform's U.S. business could have its valuation soar to upward of $60 billion.
TikTok released some information about the deal Thursday night, but it remains unclear if it complies with a 2024 law.
TikTok has posed two national security threats. First, TikTok and its owner ByteDance have repeatedly made promises about the security of personal data of Americans, but they have not honored pledges and have broken U.S. statutes. The company settled ...