Former Treasury Secretary Steven Mnuchin is devising a plan to acquire TikTok by proposing to purchase the app without its crucial algorithm, aiming to rebuild it from scratch. Mnuchin believes this strategy could circumvent obstacles such as the app's high price tag and the Chinese government's ban on certain features. Lawmakers are concerned about potential delays or permanent derailment of efforts to regulate TikTok, as the Senate considers amendments to a House bill targeting the platform's operations. The broader issue raised by TikTok's controversies is the lack of a comprehensive data governance model safeguarding privacy and civil liberties in social media platforms.
TikTok's legal battles highlight social media data privacy. What data is collected on platforms? How is it protected? Remember the Facebook-Cambridge Analytica breach? Learn more here: https://t.co/vsWnBV5olU
TikTok is only part of a much larger problem: the lack of an affirmative model of data governance that protects privacy and civil liberties, write @HarvardWCFIA’s Aaron Glasserman and @OpenSociety’s Monica Greco. https://t.co/unjGrxVL36
Some lawmakers backing a crackdown on TikTok worry that overly broad changes to a House bill by the Senate could significantly delay the effort or derail it permanently https://t.co/0UffTB66vG via @WSJ
Early Clues Emerge on Senate’s Plans for TikTok - WSJ https://t.co/aAL6y2CaaP
Steven Mnuchin wants to buy TikTok without the one thing that makes it so valuable: the algorithm https://t.co/0EQDSPbUwr
Buying TikTok could take coming up with $100 billion and getting around a Chinese government ban of the recommendation algorithms that make the video app work, but former Treasury Secretary Steven Mnuchin has been telling people he can get around all that. https://t.co/Qzv0AjinC7
The Chinese Communist-controlled social media titan TikTok has begun a $2.1 million ad campaign attempting to unseat its critics from pub... Read more: https://t.co/KrlVzHzAcn ⬆️ ⬆️ ⬆️
Former treasury secretary Steven Mnuchin is telling rich investors he has a plan to take over TikTok: rebuild the wildly popular video app from scratch. https://t.co/MlPncOzKsp
A look at Steven Mnuchin's TikTok plans; sources say his proposal to buy TikTok without its export-blocked algorithm and rebuild it from scratch is far-fetched (Washington Post) https://t.co/mmPDqSgTQP 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/UIxXIGHkzn
“Mnuchin, a former hedge fund manager and Hollywood producer with no social media experience, has informed potential partners that omitting TikTok’s algorithms would be the key to unlocking control of one of the world’s most popular apps.” https://t.co/za6zArpmNR
Mnuchin believes “he could overcome those hurdles by offering to buy the app without the export-blocked code, essentially forcing his consortium to remake a service built on billions of lines of code before it could be usable again.” https://t.co/za6zArpmNR
Mnuchin wants to scrap TikTok’s algorithm in bid to buy the app https://t.co/bnvQnatv0H https://t.co/bnvQnatv0H
TikTok ban forgets the lessons of the Pentagon Papers Read this article by @SethAStern in @CJR. https://t.co/XVwHhzoJa6
clown show - "has told potential backers that he aims to maneuver around two giant obstacles facing those vying for the platform: its estimated price tag of more than $100 billion — far beyond what most suitors, including Mnuchin, could afford — and the Chinese government’s ban…
The House of Representatives' TikTok ban is just its latest moral panic, writes @StepCarter. How did the others turn out? https://t.co/hLPfHk3tbj via @opinion
There's this upcoming national security hearing about TikTok. They're set to spill the beans just before voting on a bipartisan bill. Here's the kicker: if that bill goes through, and mark my words, it will, I'm eyeing TikTok for a bargain. https://t.co/qEXkHvI6W7
The House of Representatives' TikTok ban is just its latest moral panic, writes @StepCarter. How did the others turn out? https://t.co/JJrpcI1Unv
Is TikTok really any more intrusive or dangerous than America’s own brood of snooping tech giants? @battleforeurope: 👇 https://t.co/yPOdNMiqDU