Trump eyeing plan to avoid TikTok ban as deadline looms
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ABC News |
Amazon has now sent a letter to the Trump administration to join the bidding war for TikTok, sources told ABC News.
U.S. News & World Report |
The Trump administration's work to find an American buyer for the short-video social media site TikTok is on track ahead of the April 5 deadline to reach a deal for non-Chinese ownership, Vice Presid...
Reuters |
AppLovin's indication of interest is preliminary and there can be no assurance that a transaction involving the company will proceed, it said in a regulatory filing.
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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 As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.
For now, the service is available only to artists in Australia, Indonesia, Japan, New Zealand and South Korea.
TikTok’s imminent future in the US still hangs in the balance. Besides a potential new owner, this is what may happen after the April 5 deadline elapses.
As TikTok faces down an April 5 deadline, last-minute offers to buy the app have come from Amazon and the founder of OnlyFans, among others.
Jasmine Enberg of eMarketer said almost half of TikTok’s US users buy things on the app. “Amazon’s reported bid is proof of TikTok’s prowess in e-commerce and the changing nature of how consumers shop and buy,” she said.
QVC Group is launching the first 24/7 live shopping stream on TikTok as part of a broader growth plan to expand its digital audience. The move will feature QVC Group (NASDAQ: QVCGA) brands, products, and hosts on the app along with TikTok creators.