Published 1 month ago

Mnuchin wants to scrap TikTok’s algorithm in bid to buy the app

Mnuchin is discussing a potential takeover of TikTok without delving into specifics, according to sources.
Observers find the idea of buying TikTok without its code far-fetched, suggesting a lack of tech industry familiarity.
Mnuchin's proposal to omit TikTok's algorithms for a takeover faces challenges in China, which may block the deal.

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The Washington Post

Mnuchin’s plan to buy TikTok has some insiders bewildered

Mnuchin’s proposal to buy TikTok without its algorithm from its Chinese owner has drawn skeptical reactions, including from those he’s pitched.

1 month ago

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Washington Examiner

Mnuchin wants to scrap TikTok’s algorithm in bid to buy the app

Former Treasury Secretary Steven Mnuchin is reportedly telling investors he would rebuild TikTok if he is able to purchase the popular social media platform. Mnuchin has told prospective investors that he may try to overcome the hurdles of a TikTok purchase from its current Chinese owners by not buying the algorithm, which China has banned from being exported, according to a report from the Washington Post.

1 month ago·Washington, United States

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Business Insider

Steven Mnuchin wants to buy TikTok without the one thing that makes it so valuable: the algorithm

Steven Mnuchin, the former US Treasury Secretary, says he wants to rebuild TikTok.Patrick T. Fallon/AFP via Getty ImagesFormer Treasury Secretary Steven Mnuchin said he wanted to buy TikTok.Part of his plan involves scrapping the original algorithm and rebuilding the app.That's really hard to do, critics say.Earlier in March, during an interview on CNBC's "Squawk Box,'" Steven Mnuchin, the former US Treasury Secretary, said he was building a tea…

1 month ago·United States

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Newsmax

Mnuchin Has Big Plans for Rebuilding TikTok From Scratch

Steven Mnuchin has been telling people that although buying TikTok could take coming up with more than $100 billion and getting around a Chinese government ban of the recommendation algorithms that make the video app work, he can get around all that.

1 month ago·Washington, United States

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Amazon Web Services, Inc.

Mnuchin wants to scrap TikTok’s algorithm in bid to buy the app

FILE - Former Treasury Secretary Steve Mnuchin speaks with reporters outside the White House, March 29, 2020, in Washington. Mnuchin says he's going to put together an investor group to

1 month ago

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