TikTok got banned on Sunday in USA. TikTok will complete a sale before the law that mandates the firm. Find a new, non-Chinese owner or risk being ban on Sunday.

TikTok is the first new platform in years to seriously compete with American social media giants like Instagram and YouTube, 170 million Americans may lose access to a platform they use for entertainment, news, and community, or even to run a business.

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The main accusation against TikTok is that it could be a threat to national security. US officials are concerned that TikTok or its parent firm. ByteDance may be pressure by the Chinese government to provide the personal data of its US customers. Which might be use for Chinese intelligence or the disinformation supported by China.

TikTok got banned on Sunday in USA. As of yet, there is no proof that that has truly occurred. US security experts mention that China’s national security regulations allow it to happen. Pointing to a potential danger that fits into a larger anti-China narrative. Which is connect to topics like authoritarianism, trade, and human rights.

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Dan Ives, an analyst at Wedbush Securities. Estimates that TikTok’s US assets, are value between $40 billion and $50 billion.

It is challenging to assign a precise monetary value to TikTok.

The billionaire value the assets at about $20 billion. McCourt’s organization has not disclosed to the public how much it proposed.

“Until ByteDance is able to evaluate our proposal, we will not make the financial details of our offer publicly available,” the organization said in a statement.

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TikTok got banned on Sunday in USA

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TikTok got banned on Sunday in USA. TikTok will complete a sale before the law. Find a new, non-Chinese owner or risk being ban on Sunday.

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ADMIN

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WHATSHAPPENING

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