The option to create a joint venture

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bithee975
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Joined: Sun Dec 22, 2024 6:24 am

The option to create a joint venture

Post by bithee975 »

In his remarks, Trump suggested the possibility of the United States acquiring a 50% stake in TikTok, which would mean greater oversight and control over the app's operations in the country. Potential buyers of the social network have included Mr. Beast , the platform
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Kick , Perplexity AI, Frank McCourt, and, most strikingly, Elon Musk . This "joint venture" proposal reflects a shift in stance from special lead president, who previously attempted to ban TikTok during his first term .

For now, the 75-day extension provides a window for ByteDance and the US government to negotiate a solution that addresses national security concerns. This could include the partial or full sale of TikTok's US operations to a US entity, thereby ensuring the protection of user data and the continuity of service in the country. The situation remains fluid, and the parties involved are expected to work toward a resolution before the new deadline expires.
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