Who will “save” TikTok? YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison have been floated as potential buyers of the app in the past week.
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget of RMB 40B ($5.5B) to acquire AI chips in China this year.
In his first few days back in office, President Trump is talking about TikTok entirely as a deal making exercise, dropping all of his previously expressed concerns about Chinese influence and American national security.
ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
Wedbush Securities hiked its base case price target on Tesla (NASDAQ:TSLA) to $550 from $515 on its view that the golden age of autonomous, FSD, and Optimus has arrived. The firm has growing confidence in the demand delivery story for 2025 along with a fast tracking of the autonomous future under the Trump Administration.
Investing.com-- Wedbush said on Wednesday that recent weakness in Apple Inc (NASDAQ: AAPL) shares- amid a flurry of ratings downgrades and worsening sales in China- was overdone, especially before the company’s December quarter earnings.
As the Jan. 19 date for a TikTok ban approaches, another name is emerging as a potential buyer: SpaceX and Tesla CEO Elon Musk, who already owns X.
TikTok’s time will expire on Jan. 19 if no buyer is found or the Supreme Court rules in the app’s favor. Here’s what to know.
TikTok is no longer accessible in the U.S. as of late Saturday night, shortly before a nationwide ban on ByteDance’s popular social media app took effect, though President-elect Donald Trump has suggested he will delay the ban after his return to the White House on Monday.
Citing national security, the Supreme Court rules that TikTok can be banned if its Chinese parent company ByteDance does not sell the app by Sunday.
The Supreme Court, which last week heard ByteDance's challenge to the move ... managing director at Wedbush Securities, in an analyst note on Tuesday. "Given the strong and growing alliance ...
McCourt has made a formal offer to ByteDance to acquire TikTok's ... TikTok operational in the U.S. is a worthwhile pursuit, Wedbush Securities' Ives said. "There is much more at stake here ...