US President Trump also said the federal government will have to be paid an amount equal to a percentage of the deal, 'whether it’s Microsoft or somebody else or it was Chinese'.
US moves underscore how the concept of internet decoupling is becoming a reality. If the administration decides data is the key factor, some popular games may also get ensnared.
If and when a deal is finalised, the amount will tell us the true value of TikTok's operations, which has over 100 million US users, and more importantly, that of Satya Nadella.
An independent TikTok owned by American venture capital firms is a preferable option. By staying separate, it can hire the best engineers with tantalizing pre-IPO stock options.
The US has suggested that TikTok may be used as a tool to spy on users or spread propaganda to influence the upcoming presidential elections, which China has denied.
The company already helps its stars find advertising partnerships & deals with Hollywood talent agencies. Now, the fund will help US creators earn livelihoods directly from TikTok.
ByteDance’s venture investors have urged Zhang to sell a majority stake in TikTok. The idea is that TikTok could become a US company, while ByteDance retains a minority stake.
FM adds that AI-assisted technologies should be adopted in all districts to bring development & highlights importance of collaborative ecosystems in tech innovation.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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