AppLovin and Amazon Emerge
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USA TODAY |
The clock is ticking down on the TikTok video app's potential ban in the United States, last minute investors such as Amazon and AppLovin are submitting bids.
Yahoo |
Billionaire businessman Mark Cuban said on Bluesky that Trump's aggressive tariffs, combined with DOGE cuts, could cause long-term economic harm.
AOL |
China retaliated with its own set of 34% tariffs on all US goods on Friday.
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The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.
Cryptocurrency foundation Hbar and Zoop, a startup led by Tim Stokely, the co-founder of OnlyFans, submitted a plan to buy TikTok to the White House, according to USA Today.
President Trump has extended the deadline for a TikTok deal — and pushed the bidding war for the social media app into overdrive. The president is known for his dealmaking and he is enjoying the jockeying, sources told me. “Trump is the ultimate decision maker,” a source close to Trump said. “He just extended the deal. All bids are on the table.”