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. 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 returned to the App Store and Google Play Store last month, but its future remains uncertain.
- This high-stakes drama reflects a broader tension between data control, national security concerns, and the growing influence of tech giants on society.
- How will the ownership and governance structure of TikTok's U.S. operations impact its ability to balance user privacy with commercial growth in the years ahead?