What to know about TikTok’s uncertain future in the US and the people who want to buy it

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 potentially being accessed by the Chinese government. Just this past month, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it was quickly restored. TikTok returned to the App Store and Google Play Store last month. Nonetheless, TikTok’s future remains uncertain, and a number of investors are competing for the opportunity to purchase the app. The platform’s U.S. business could have its valuation soar to upward of $60 billion, as estimated by CFRA Research’s senior vice president, Angelo Zino. TikTok ban: What’s happened so far To fully understand this high-stakes drama, we’ll first revisit the timeline of TikTok’s tumultuous relationship with the U.S. government, which resulted in various legal battles and negotiations. The drama first began in August 2020, when Trump signed an executi ... Read full article.