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Amazon, $AMZN, in bid to buy TikTok in US
unusual_whales @unusual_whales@masto.ai
TikTok is available for American users under a temporary reprieve from a 2024 law that bans the short-video app unless the China-based ByteDance divests ownership.
Read more: https://t.co/jxmsU0vlQj
Unusual Whales - News · Amazon, AMZN, in bid to buy TikTok in USTikTok remains accessible to U.S. users under a temporary extension granted by a 2024 law that prohibits the short-video platform unless its parent company, China-based ByteDance, relinquishes ownership. On his first day in office, January 20, President Trump delayed enforcement of the ban for 75 days, allowing TikTok to resume service for its more than 170 million American users following a brief shutdown.
Oracle (ORCL) is widely viewed by Wall Street analysts as the frontrunner to acquire Tik