What to know about TikTok's uncertain future in the US and the people who want to buy it [TechCrunch]
Roblox Corporation Class A (RBLX)
Company Research
Source: TechCrunch
Earlier this year, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it was quickly restored. TikTok returned to the App Store and Google Play Store in February. Nonetheless, TikTok's future remains uncertain, and a potential second ban on April 5 is looming. A number of investors are competing for the opportunity to purchase the app, and if a deal were to go through, the platform's U.S. business could have its valuation soar to upward of $60 billion , as estimated by CFRA Research's senior vice president, Angelo Zino. TikTok ban: What's happened so far To fully understand this high-stakes drama, we'll first revisit the timeline of TikTok's tumultuous relationship with the U.S. government, which resulted in various legal battles and negotiations. The drama first began in August 2020 , when Trump signed an executive order to ban transactions with parent company ByteDance. A month later, Trump's administration sought to force a
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