3 ms·
ByteDance has a number of big US investors. A sale or divestiture of Chinese ownership would be good for these investors. From a purely financial view, selling
by matwood 3y ago
ByteDance has a number of big US investors. A sale or divestiture of Chinese ownership would be good for these investors. From a purely financial view, selling is the right move. The only reason not to sell is because a player who doesn't care about money is putting the brakes on.
I also think if they pull out of the US, it's not improbable for the EU to also push TikTok to make changes.