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Published on: 2025-04-25 04:48:48 Published on: 2025-04-25 04:48:48

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should konstelec engineers limited (konstelec) be sold ✌️【Financial Planning】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. 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.

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should konstelec engineers limited (konstelec) be sold ✌️【Financial Planning】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. 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.

should konstelec engineers limited (konstelec) be sold ✌️【Financial Planning】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. 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.”

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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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