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what is causing the decline of salem erode investments limited (540181) ✌️【Recruitment Platform】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok from its China-based parent company, ByteDance.

what is causing the decline of salem erode investments limited (540181) ✌️【Recruitment Platform】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. The group, which calls itselfThe People’s Bid for TikTokand is also backed by “Shark Tank”-famous investor Kevin O’Leary,said Thursdayit had delivered a proposal to ByteDance to acquire TikTok’s US assets. It did not disclose the value of the offer.

what is causing the decline of salem erode investments limited (540181) ✌️【Recruitment Platform】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. The bid comes just one day before the Supreme Court isset to hearoral arguments over whether to uphold alaw that would ban TikTok in the United States starting January 19 if it is not sold, following alegal challengefrom the social media company.

what is causing the decline of salem erode investments limited (540181) ✌️【Recruitment Platform】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. After President Joe Biden signed the law that could ban the app in April, ByteDance swatted down speculation that it was exploring a sale andsaidthat it had no plans to sell TikTok. In afilingto the Supreme Court — which argues that the law would violate the first amendment rights of the platform and its users — the company said the law “will take effect on January 19, 2025, shutting down TikTok for its more than 170 million monthly American users.”

what is causing the decline of salem erode investments limited (540181) ✌️【Recruitment Platform】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. TikTok and ByteDance did not immediately respond to requests for comment about the McCourt group’s bid. TikTok is the first Chinese social media app to become a global success that competes with American tech giants.

what is causing the decline of salem erode investments limited (540181) ✌️【Recruitment Platform】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. The People’s Bid is backed by investment firm Guggenheim Securities, as well as technologists and academics, includingworld wide web inventorTim Berners-Lee. And McCourt said the group plans to work with President-elect Donald Trump to close the deal.

what is causing the decline of salem erode investments limited (540181) ✌️【Recruitment Platform】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. The group’s plan is to buy the US version of TikTok without its famous algorithm and rebuild it on American-designed technology, a likely response to aChinese export control rulerequiring a license to sell sensitive technologies. China’s commerce ministrypreviously saidit would “firmly oppose” a forced sale of TikTok.

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“By keeping the platform alive without relying on the current TikTok algorithm and avoiding a ban, millions of Americans can continue to enjoy the platform,” McCourt, who formed the group through his organization dedicated to improving the internet, Project Liberty, said in a statement Thursday. “We look forward to working with ByteDance, President-elect Trump, and the incoming administration to get this deal done.”

But many users and social media experts have questioned whether a sale that excludes the algorithm could be successful, given that the technology that decides what users see on their “For You” feeds is a major reason for the app’s popularity. Other tech giants have struggled to replicate it.

“We want to eliminate the misconception that it can’t sell because no one will buy it without the algorithm. NOT true,” O’Leary said in anX postWednesday, after announcing he was joining the bid to buy the app earlier this week. “We’ll buy it without the algorithm. We don’t need them. We’ll do it ourselves and make TikTok wonderful again.”

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