There was a report from Bloomberg that China was considering selling Tik Tok USA to Elon Musk X. This was later denied by Tik Tok.
Kevin O’leary is part of group that has put up $20 billion to buy TikTok USA without the algorithm.
There are about 110-130 million US users of Tik Tok USA.
ByteDance has until Jan 19, 2025 to start divesting Tik Tok USA according to a US ban.
Every one of my companies spends up to 60% of their digital ad budgets on TikTok because it’s the best-performing platform. McCourt and I have put $20 billion on the table to give them a solution that works for everyone. It’s pragmatic, logical, and a way to keep the platform lit… pic.twitter.com/EjVMTXcv88
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) January 14, 2025
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
The irony that the userbase is deliberately trying to move/evacuate to RedNote, an even more chinese controlled platform, is icing on the cake.
Regardless of how it plays out, talks of banning TikTok are not because it harvests data, the same way US social media does, but because they can’t influence it’s algorithm, politically or financially, with congressional hearings or government contracts the way they do every other tech giant. I really question the outspoken security concerns centered around videos of teenagers doing stupid things being a threat to national security. That about covers it.
I was convinced when Elon bought Twitter, and created his (still mythical) “everything app”, that one of his first things, would be to go up against the video juggernaut Tiktok. After all, that 44 billion also bought Vine. But he did nothing with it, letting Tiktok keep its crown.
That surprised me.