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President Trump signed the ‘TikTok executive order’ yesterday, certifying that a deal to transfer majority ownership of TikTok to American stakeholders is a go. But the supposed valuation at $14 billion has investors reacting. The executive order mandates Chinese parent ByteDance to reduce its U.S. ownership stake below 20%…
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Investors Flabbergasted by TikTok USA’s $14 Billion Valuation; Report Claims ByteDance Will Retain 50% Of all Profits
Joan Wrona
07:24
President Trump signed the ‘TikTok executive order’ yesterday, certifying that a deal to transfer majority ownership of TikTok to American stakeholders is a go. But the supposed valuation at $14 billion has investors reacting. The executive order mandates Chinese parent ByteDance to reduce its U.S. ownership stake below 20%…
