While Tiktok’s date of April 5, which was determined for the future of the United States, approached rapidly, the process entered a new turn. Donald Trump reiterated that the application should be purchased to continue its activities in the country. Emphasizing that they are determined in this regard, Trump said that the agreement could be completed within a few days. The uncertainty on Tiktok is still going on.
According to Trump’s statement, many investors who want to take over Tiktok’s operations in the United States are in operation. He said that he was in favor of staying in the United States rather than a completely prohibition of the application. He clearly demonstrated this approach with the phrase “I want Tiktok to live”. Four different investors have been discussed so far.
Although the names of these investors are not fully explained, Oracle is estimated to be one of the prominent names. It was known that the company was interested in Tiktok before. However, there has not been a clear explanation by Oracle to date. The process is carried out in silence.
On the other hand, it is claimed that Blackstone intends to become a partner in the US foot with a small share. This investment plan is not yet known whether Tiktok is banned. A structure or agreement that has gained certainty about the issue is not yet. This makes the process even more complex.
National security concerns are the basis of the US government’s stance against Tiktok. BYTEDANCE is a Chinese -based company, the biggest factor that triggers these concerns. The government argues that Tiktok has forwarded user data to China. Tiktok rejected these claims many times.
In addition to all these, the issue of Tiktok was on the agenda for the first time in Trump’s previous presidency. However, at this point, it is seen that there is a softening in its approach to application. Tiktok’s effect on young users may be one of the reasons for this change. The role of the application on election campaigns may also affect Trump’s attitude.
At the moment, there is not only Oracle among potential investors. Alexis Ohanian, the founder of Reddit, is also mentioned. It is even said that a group led by Youtuber Mrbeast is also involved in the process. Although Elon Musk’s name came up, he denied these claims.
However, despite all these possibilities, a concrete agreement is still not explained. Although the expectation increases as the date of April 5 approaches, the uncertainty continues. Trump says the time can be extended if necessary. This possibility can save time for investors at the table.
Tiktok decision may affect similar applications
Developments are not limited to this, because the prohibition can affect the future of not only Tiktok, but also similar practices. The US intervention in technology companies can also shape international trade relations. Tiktok’s presence in the United States is intertwined not only with technology but also with politics. Therefore, the final decision will not be just a purchase agreement.
The process can move to a new stage within a few days. The eyes are both in the White House and in potential investors. It is obvious that the decision will determine the fate of Tiktok in the US in the short term. However, in the long run, how this decision will affect global policies on digital platforms continues to be a subject of curiosity.