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Rumble shares RUM rose 18.3% to $7.90 on Tuesday following its expression of interest in taking over #TikTok
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.
Steven Mnuchin is putting together an investor group to try to buy TikTok
https://www.theguardian.com/us-news/2024/mar/14/mnuchin-investors-buy-tiktok
A study commissioned by TikTok found that the app contributed $24.2 billion to U.S. GDP in 2023,
https://www.oxfordeconomics.com/resource/tiktok-us/
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.
https://newsroom.tiktok.com/en-us/150-m-us-users
Of course, any research funded by the company it's studying must be considered with a few grains of salt
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
https://www.tiktok.com/@jeffjacksonnc/video/7345865128497270059
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@ecksmc Washington Olds: “Why are the young people so poor? We don’t understand it.”
Young people: “Because you keep killing our job opportunities.”
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
https://www.wsj.com/tech/why-the-new-effort-to-ban-tiktok-caught-fire-with-lawmakers-7cd3f980
As reported by Gizmodo, several politicians who voted for the TikTok ban actually have their own accounts
https://gizmodo.com/tiktok-ban-politicians-active-jackson-allred-casten-1851332961