After years of controversies and legal battles, a law was passed yesterday to prohibit TikTok in United States. However, if ByteDance, the company behind this platform, is able to sell the social network in less than nine months, users in this country will still be able to enjoy everything we find here. Unfortunately for some, It seems that this will be more complicated than it seems.
If ByteDance fails to complete the purchase of TikTok from a US company, the application will no longer be available in this country. In this regard, the Chinese company has indicated that this decision is unconstitutional, and they plan to challenge the result in court. Although at the moment they have not issued an official statement, a new report has revealed that the company is already considering the sale of this platform, although with a couple of very important limitations.
To start, ByteDance does not plan to sell recommendation algorithm. This is, without a doubt, the most attractive thing about TikTok, and has been pointed out as one of the main reasons why the application is worth billions of dollars. However, without the algorithm it is likely that some interested parties will no longer have the intention of acquiring this platform.
The second important point is that ByteDance does not intend to sell TikTok to companies in the technology sector, which also substantially reduces the options at your disposal. Although at the moment there is no official statement from the company, everything seems to indicate that it will have a couple of problems finding a good buyer.
Let us remember that ByteDance has a period of nine months, which can be extended up to a year, to sell TikTok to a company in the United States. If the purchase cannot be completed within the specified time, The social network will no longer be available in this country, affecting more than 170 million users. On related topics, you can learn more about the TikTok ban here. Likewise, TikTok will no longer pay frequent users.
Author's Note:
This is a difficult time for TikTok. Not selling the algorithm is, without a doubt, the biggest commitment the company can make, and it is likely that many of the buyers who were originally interested will abandon all negotiations with ByteDance.
Via: The Information
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