TikTok to launch separate app for US users
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That makes this rollout a potentially shape-shifting event for rivals like Meta and Google. Meta, in particular, has feasted on TikTok’s turmoil. Billions in U.S. ad spend is up for grabs, and a Business Insider report pegged Meta’s potential haul at up to $3.4 billion if TikTok fades away.
TikTok is purportedly building a new version of its platform for users in the United States ahead of a planned sale to a group of investors.
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An app just for U.S. users, which looks set to run on an algorithm and data system that’s separate from TikTok’s global platform, could pave the way for a possible sale.
From Larry Ellison’s new power consolidation to an app that simply may not be as good, the key variables as a multiyear saga could finally be ending.