The parent company of TikTok has offered US employees the chance to sell shares they might hold in ByteDance, a privately owned company, which could have a knock-on effect on any eventual sale of the social media app.
In a recent Instagram video posted on Shark Tank expert, Kevin O'Leary expressed his excitement about his current pursuits, showcasing a major business undertaking in particular.
The Chinese owner of the popular short video-sharing app's regular share buyback program underscores its strong balance sheet, bolstered by growing domestic and global businesses—even as its popular app, TikTok, faces the threat of a U.S. ban.
Trump suggested that he may extend TikTok’s sale or ban deadline if a deal for the China-owned app isn’t reached within the 75-day negotiation period ending on 5th April.