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Rumble shares RUM rose 18.3% to $7.90 on Tuesday following its expression of interest in taking over

Chris Pavlovski, chief executive of the video-sharing site, said Rumble is ready to join a consortium with other parties seeking to acquire and operate TikTok inside the United States in the event that China’s ByteDance divests its ownership in the video app.

investorplace.com/2024/03/rum-

TikTok CEO Shou Zi Chew has responded to Wednesday's vote on the proposed U.S. TikTok ban, calling it "disappointing" and indicating that the company may take legal action. It seems as though TikTok isn't ready to disappear without a fight.

"This legislation, if signed into law, will lead to a ban of TikTok in the United States," said Chew in a video uploaded to TikTok's official account

tiktok.com/@tiktok/video/73459

A study commissioned by TikTok found that the app contributed $24.2 billion to U.S. GDP in 2023,

oxfordeconomics.com/resource/t

as well as supported 224,000 jobs. TikTok itself also has approximately 7,000 U.S. employees, many of whom are probably feeling a little nervous right now.

newsroom.tiktok.com/en-us/150-

Of course, any research funded by the company it's studying must be considered with a few grains of salt

Few seem to believe ByteDance wouldn't sell if it came down to it, though. The vultures are already circling, with former Activision Blizzard CEO Bobby Kotick having reportedly expressed interest in acquiring TikTok should the legislation pass

wsj.com/tech/why-the-new-effor

As reported by Gizmodo, several politicians who voted for the TikTok ban actually have their own accounts

gizmodo.com/tiktok-ban-politic

Jackson attempted to justify his apparently hypocritical vote by claiming that TikTok wouldn't really get banned if the bill became law, since ByteDance would just sell

tiktok.com/@jeffjacksonnc/vide

🤷‍♂️

@ecksmc Washington Olds: “Why are the young people so poor? We don’t understand it.”

Young people: “Because you keep killing our job opportunities.”

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