The probable ban on TikTok in the USA has taken the internet by storm. While the news is based on facts, the results may still change. In today’s article, we will discuss what is the net worth of TikTok in the USA, especially for the people or parties who have shown interest in buying it recently. We’ll also discuss the entire case and why this fiasco happened in the first place. Let us begin!
Is TikTok really being banned in the USA?
Yes, probably. The law has been passed for the same and has been signed by President Joe Biden claiming that if ByteDance does not sell TikTok in the USA to a third party, then they may actually ban it for the US citizens.
This is a huge step, and a lot of turbulence has been seen as a result of this on the internet. But to answer this correctly, we’ll have to wait for the news on 19th of January, as to what happened to TikTok in the US and if ByteDance ultimately surrendered and sold it to a third party.
Why is TikTok being banned in the USA?
There was a huge uproar supported by alleged evidence that TikTok is collecting data from US users. Which is normal, because every app does that. But here is the problem. Some agencies thought or more so, felt that this data was being collected by China for not-so-good reasons. Since data is confidential, the US President too looked into the matter sincerely. People could have been easily manipulated in the USA due to an alteration in their feed that they couldn’t help.
Therefore, looking at all these things very closely, the USA had given an ultimatum to ByteDance – the parent company of TikTok in China that they must sell TikTok in the USA to some other party in order to avoid the ban.
How much is TikTok USA worth?
Now to answer the biggest question, let us see what is the estimated worth of TikTok USA. Since there are almost 170 million people on TikTok in the US, it is definitely going to have a huge market and an even huge worth. To be fair, the estimates are said to be between $100 million and $200 million along with the algorithm, as well as $40 million to $50 million without the algorithm.
Will President Trump intervene in the TikTok ban?
That is again a probability. Although Donald Trump has given a statement about a ‘political resolution’ that they can come up with in order to save TikTok for the USA citizens, the groundwork for the same is yet to be done.
While this is a highly debatable topic right now, it has impacted every US citizen equally. More so because it was the second busiest social media platform in the US after Instagram, leaving even Snapchat and Reddit behind. We’ll just have to wait and see what final results come out of this entire confusion. Let’s just hope, everything unfolds for the best for the citizens.
