As TikTok nears a crucial April 5 deadline to secure a non-Chinese buyer amid U.S. concerns about its ties to China, bidders have intensified their efforts. Notably, Amazon and a consortium led by Tim Stokely, founder of OnlyFans, have joined the competition. While officials discuss the future of TikTok and potential bans, both TikTok and ByteDance deny any wrongdoing. Amazon's interest suggests its goal to enhance its social media presence, having previously acquired platforms like Twitch and Goodreads, potentially aligning with its broader strategy to engage younger consumers.
As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up.
U.S. officials have raised security concerns over the app's ties to China, which TikTok and owner ByteDance have denied.
Collection
[
|
...
]