this post was submitted on 25 Apr 2024
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ByteDance prefers TikTok shutdown in US if legal options fail, sources say (www.reuters.com)
submitted 6 months ago by kinther@lemmy.world to c/technology@lemmy.world
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[–] kirklennon@kbin.social 51 points 6 months ago (31 children)

TikTok's daily active users in the U.S. is also just about 5% of ByteDance's DAUs worldwide, said one of the sources.

So much drama in the US over this but it's apparently merely a money-losing afterthought for its owner.

[–] nieceandtows@programming.dev 7 points 6 months ago (1 children)

Looks like they're saying it's running at a loss and is valued at $50b, so that Musk would end up buying it off their hands.

[–] nondescripthandle@lemmy.dbzer0.com 9 points 6 months ago

If they want Musks attention they should have valued it at $69b

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