🇺🇸TIKTOK'S U.S. OPERATIONS VALUED AT UP TO $50 BILLION
TikTok's U.S. unit may want to fetch $40–$50 billion if ByteDance comes to a decision to sell, in line with CFRA Research.
The Chinese authorities is reportedly thinking about scenarios, which include Elon obtaining TikTok, because the app faces a capability U.S. ban tied to countrywide safety concerns.
TikTok boasts 115M U.S. users, trailing Instagram however beforehand of Snapchat and Pinterest.
Analysts warn a sale may exclude its advice algorithm, a key U.S. regulatory concern.
A rival bid from Frank McCourt and Kevin O'Leary stands at $20B, bringing up fewer regulatory hurdles.
Source: CNBC
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