No matter occurs ultimately – I imply, if TikTok will get banned within the US or not – many individuals shall be upset. If TikTok will get banned within the Land of the free and the house of the courageous, some shall be involved in regards to the freedom of speech challenge (and rightly so); however many will simply mourn the lack of the 5-second humorous cat movies.
If TikTok doesn’t get banned, many individuals can even be irritated; they think about TikTok to be a soul-sucking Dementor’s Kiss, a kryptonite for the thoughts (I can relate to a sure diploma).
So, which one will or not it’s? For the second, it seems that TikTok is about to outlive below Trump within the US. Effectively, properly, properly.
TikTok’s outlook within the US has considerably brightened following Donald Trump’s re-election, in accordance with trade consultants and insiders, The South China Morning Submit stories.
Cameron Johnson, a senior companion at consultancy TidalWave Options, famous that the state of affairs for TikTok now seems way more favorable.
He believes that whereas the brand new Trump administration may nonetheless push for concessions like localizing knowledge storage and administration, an outright ban on the platform appears unlikely. Johnson recommended that TikTok’s function in shaping public sentiment could have performed an element in Trump’s election success, which might discourage any drastic regulatory strikes in opposition to the app.
Johnson additionally identified that the choice to protect TikTok might function a strategic asset for Trump in future negotiations with the Chinese language authorities, probably giving the US a stronger bargaining place.
The valuation of ByteDance, the app’s Chinese language father or mother firm, has surged in consequence.
ByteDance not too long ago valued itself at round $300 billion, marking one in every of its highest valuations regardless of the potential for the looming US ban. The valuation was revealed in a brand new share buyback provide, suggesting that ByteDance expects continued progress even amid regulatory threats.
The corporate’s valuation has been rising over the previous 12 months. In October 2023, ByteDance valued itself at almost $225 billion.
