If power is priceless, then they’re going to get a screaming deal because I’m willing to bet that some company is going to offer several hundreds of millions for TikTok.
I get what you’re saying though. As far as I know, this decision is a first of its kind for the US. They’ve usually used laws and government contracts to influence things like data processing and storage locations for companies handling things like PII and financial information. Forcing local ownership is honestly more in line with something that China would do which is a little ironic.
Add a zero to that, no way tiktok would sell for anything less than several billion. Facebook paid $1B for Insta over 12 years when the app had around 25 million users.
If power is priceless, then they’re going to get a screaming deal because I’m willing to bet that some company is going to offer several hundreds of millions for TikTok.
I get what you’re saying though. As far as I know, this decision is a first of its kind for the US. They’ve usually used laws and government contracts to influence things like data processing and storage locations for companies handling things like PII and financial information. Forcing local ownership is honestly more in line with something that China would do which is a little ironic.
Add a zero to that, no way tiktok would sell for anything less than several billion. Facebook paid $1B for Insta over 12 years when the app had around 25 million users.