TikTok's Future as Donald Trump Wins Election
TikTok's Changed Fate Under Trump
TikTok's prospects in the US have improved significantly following Donald Trump's election victory. Who would have thought that a second Trump term could lead to such a notable shift for the popular platform? Industry insiders, including Cameron Johnson from TidalWave Solutions, believe that the platform's future is now "a lot brighter than it was" before.
ByteDance's Valuation Rises
The valuation of ByteDance, TikTok's parent company, has surged to approximately US$300 billion in a recent round of share buy-backs. This is a substantial increase from the US$268 billion valuation recorded in the preceding December, yet still shy of its US$400 billion peak in 2021. This upward trend signifies growing confidence in TikTok's viability amidst political turmoil.
Trump's Influence on TikTok
Interestingly, Trump's relationship with TikTok has changed over time; he has amassed over 14 million followers on the platform since joining. Commentators suggest that the app may serve as a negotiation tool for Trump in future discussions with China. Even now, TikTok's staff feel optimistic about their future under Trump’s presidency.
- Trump might push for concessions from TikTok rather than a ban.
- Legal battles over a forced sale are ongoing, with TikTok stating it cannot be sold.
- ByteDance's valuation may reflect a turnaround for the app.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.