{"id":2201513,"date":"2024-03-18T20:49:02","date_gmt":"2024-03-19T00:49:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kevin-oleary-says-there-is-no-chance-tiktok-will-be-sold-for-100-billion-without-algorithm\/"},"modified":"2024-03-18T20:51:46","modified_gmt":"2024-03-19T00:51:46","slug":"kevin-oleary-says-there-is-no-chance-tiktok-will-be-sold-for-100-billion-without-algorithm","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kevin-oleary-says-there-is-no-chance-tiktok-will-be-sold-for-100-billion-without-algorithm\/","title":{"rendered":"Kevin O\u2019Leary believes TikTok won&#8217;t fetch a $100 billion sale price if its algorithm isn&#8217;t included"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fkevin-oleary-says-there-is-no-chance-tiktok-will-be-sold-for-100-billion-without-algorithm%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2201513&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The \u200bTug-of-War Over TikTok&#8217;s Future<\/h2>\n<p>In \u2063the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/megyn-kelly-on-metoos-collapse-were-back-to-where-we-started\/\" title=\"Megyn Kelly on MeToo\u2019s Collapse: \u201cWe\u2019re Back to Where We Started\u201d\">high-stakes world<\/a> of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/feds-charge-five-alleged-chinese-spies-for-carrying-out-harassment-campaigns-against-u-s-residents\/\" title=\"Feds Charge Five Alleged Chinese Spies For Carrying Out Harassment Campaigns Against U.S. Residents\">international tech<\/a> and trade, the fate\u200b of the wildly popular\u2064 app TikTok is causing\u200d waves of speculation and intrigue. <strong>Kevin \u200cO&#8217;Leary<\/strong>,\u2063 the \u200cbillionaire investor and charismatic &#8220;Shark\u2063 Tank&#8221; co-host, recently delved into the drama, pointing out the substantial challenges any potential \u200bTikTok \u2063buyer\u200b would face.<\/p>\n<h3>Roadblocks on the Horizon<\/h3>\n<p>Looming large over TikTok&#8217;s future is a decisive\u2063 move by the US government. Last week, with a resounding vote of 352-65,\u2064 the House \u200cof Representatives passed the \u200d <em>Protecting Americans from Foreign Adversary Controlled Applications Act<\/em>. This significant legislation demands that TikTok sever ties with its Chinese parent company ByteDance or face a potential ban in the States. Given \u200bthis context, O&#8217;Leary, who has lauded TikTok as \u2064&#8221;one of the largest networks in the world,&#8221; underscored\u2064 the improbability of a sale\u200c that includes its \u2064prized algorithm.<\/p>\n<blockquote>\n<p>\u201cSo when people talk about this being \u2062a $100 billion transaction,\u200b no chance,\u201d O\u2019Leary said on Fox News\u2019s <em>The Story with \u200bMartha MacCallum<\/em>. \u201cIf they\u2019re not selling the algorithm, I have to \u2062rebuild it from scratch.\u201d\n<\/p><\/blockquote>\n<h3>Seeking \u200dAmerican \u2064Ownership<\/h3>\n<p>With the House&#8217;s vote \u200bcasting a\u200d shadow, O&#8217;Leary expressed his own interest in acquiring TikTok, \u200cenvisioning a transformation into a fully &#8220;American company.&#8221; His\u200d forecast for the \u2063sale price without\u200b the algorithm?\u200d A cool \u2064$40 billion. Yet, he \u200dstresses, no moves will\u2064 be made until the Senate has its \u200dsay on the matter.<\/p>\n<p>Last\u200b week, the whirlwind around\u2063 TikTok&#8217;s American journey picked up momentum when <strong>Steven Mnuchin<\/strong>, former Treasury Secretary, expressed \u200chis intention to gather investors\u2063 for a\u2063 TikTok takeover, touting it as &#8220;a great business.&#8221;\u200c Moreover, echoing this sentiment is Chris Pavlovski, CEO of Rumble, a rising competitor to YouTube known for\u2064 its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitter-s-blue-checkmark-brigade-freaks-out-over-elon-musk-s-buyout-plan\/\" title=\"Twitter' s Blue Checkmark Brigade Freaks Out over Elon Musk' s Buyout Plan\">free speech stance<\/a>. Pavlovski\u200c is prepared to throw his \u2062hat into the ring, joining forces with\u2063 a \u200dconsortium to bring TikTok under American leadership, should it \u200ddivorce \u2063from ByteDance.<\/p>\n<h3>What Lies \u200cAhead for TikTok?<\/h3>\n<p>The narrative of TikTok&#8217;s potential sale is enthralling,\u2063 with a blend of business, \u200dpolitics, and international intrigue. As lawmakers, investors, and tech moguls \u2063circle around the\u2062 future of\u200d this digital titan, the world watches in \u2062anticipation. Who will guide TikTok&#8217;s next chapter? Will it be\u2063 the\u200d sharp business minds like O&#8217;Leary and Mnuchin or \u200dnew players ready to rise to the occasion?<\/p>\n<p>Beyond the headlines and the House floor debates, TikTok&#8217;s saga is a testament to the power and value \u200cof technology in \u200cour interconnected world. But \u2064as this \u200bstory\u200c unfolds, remember: \u2062it&#8217;s not just\u2063 algorithms and assets\u2014\u200b it&#8217;s about the culture \u2064and connections that define our shared\u2062 digital experience.<\/p>\n<p><strong>CLICK \u200cHERE TO READ MORE FROM THE WASHINGTON\u200b EXAMINER<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Kevin O&#8217;Leary cites hurdles in TikTok&#8217;s potential sale amid recent talks. Following the House&#8217;s 352-65 vote for an act mandating TikTok&#8217;s separation from foreign control, the deal faces complexities<\/p>\n","protected":false},"author":2632,"featured_media":2201514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP22348589852830-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2201513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP22348589852830-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2632"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2201513"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2201514"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2201513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2201513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2201513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}