US TikTok investors in limbo as deal set to be delayed again
5 months ago
- #TikTok
- #US-China relations
- #technology
- US TikTok investors are in limbo as the deadline for the app's sale is expected to be delayed again.
- President Donald Trump is likely to extend the deadline for the fifth time, leaving investors like Frank McCourt waiting.
- TikTok was set to be banned or sold in the US due to national security concerns over ByteDance's links to the Chinese government.
- Trump previously claimed a TikTok deal was done with Chinese President Xi Jinping's blessing, but no agreement was reached.
- Investor Frank McCourt expressed concerns about power concentration and aims to operate TikTok without Chinese technology.
- McCourt's Project Liberty has developed alternative technology to replace TikTok's recommendation algorithm.