Former Treasury Secretary Steven Mnuchin is exploring a plan to purchase TikTok and rebuild its algorithm from scratch, aiming to bypass the Chinese government's ban on the recommendation algorithms that power the app. Mnuchin believes that acquiring TikTok without its algorithm could be a key strategy to control the popular social media platform, despite concerns about the app's value without its current algorithm.
Tiktok's shopping features won over sellers and shoppers by offering deals that can seem too good to be true. Now the platform is raising sellers fees, which may translate into higher prices. https://t.co/y9tEFpf88X
Steve Mnuchin pitching investors on plan to buy TikTok, rebuild algorithm in US: report https://t.co/rA5TS8Cdnz https://t.co/l3j9HJwFoh
TikTok's shopping features won over sellers and shoppers by offering deals that can seem too good to be true. But now, TikTok is raising sellers fees, which may translate into higher prices. https://t.co/wO3peCsz33
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
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 đź“« 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 wants to scrap TikTok’s algorithm in bid to buy the app https://t.co/bnvQnatv0H https://t.co/bnvQnatv0H
Whoever buys TikTok will have to rewrite the algorithm. That’s the big risk because if it doesn’t work the way it does now, it’s not worth anywhere near $100 Billion. All you’re buying is 170 million names and a brand called TikTok. https://t.co/iFTaALfgYg