'Member when the libs were all up in arms about Orange Baboon picking Mnuchin for treasury secretary. Now they are all rooting for him to “buy” TikTok… Pepperidge Farm remembers.
That’s because it’s not even a potentiality right now. Tik Tok is not up for sale, and the likelihood the Senate even takes up the bill to force a sale is very low. Why would anyone in government care what Steve Mnuchin thinks right now?
Given the CCP involvement in their country’s businesses, I think there will be a lot more involved than would be in other sales. There are already articles talking about how the sale will take longer than the 6-month timeline (if it passes the Senate/President and any potential legal challenges).
Uh…TikTok is not ARM, or anything close to resembling it.
The US justification for forcing the sale of TikTok may be horseshit political theater for dubious reasons, but that doesn’t close the gap of making a TikTok sale anywhere close to resembling ARM.
$16B US revenue, doubling YoY, gross margin likely in the 70s. Even at the P/S of an established company like Facebook, TikTok’s US operations would be worth on the order of $200B. That’s on par with the largest acquisitions in history and dwarves Nvidia’s acquisition attempt of ARM.
I don’t see there being a sale at all. ByteDance isn’t gonna sell the world’s hottest social media platform simply because a foreign country demands it, and even if it were a lucrative enough offer to be tempting, the CPC wouldn’t allow it anyway. If something like this happened in the other direction, I think 1/4 of the US Senate would go into cardiac arrest on the spot, and there’s exactly a 0% chance it would be allowed to happen
It’d be really funny if ByteDance doesn’t sell and TikTok getting banned crashes the economy.
'Member when the libs were all up in arms about Orange Baboon picking Mnuchin for treasury secretary. Now they are all rooting for him to “buy” TikTok… Pepperidge Farm remembers.
Uhh…who is rooting for Steve Mnuchin to buy TikTok again?
Seems like a pretty bipartisan thing, I haven’t seen anyone in government offer any disenting opinion.
That’s because it’s not even a potentiality right now. Tik Tok is not up for sale, and the likelihood the Senate even takes up the bill to force a sale is very low. Why would anyone in government care what Steve Mnuchin thinks right now?
Given the CCP involvement in their country’s businesses, I think there will be a lot more involved than would be in other sales. There are already articles talking about how the sale will take longer than the 6-month timeline (if it passes the Senate/President and any potential legal challenges).
Any sale of a hundred+ billion dollar company takes years. Look at the attempted acquisition of ARM.
Uh…TikTok is not ARM, or anything close to resembling it.
The US justification for forcing the sale of TikTok may be horseshit political theater for dubious reasons, but that doesn’t close the gap of making a TikTok sale anywhere close to resembling ARM.
$16B US revenue, doubling YoY, gross margin likely in the 70s. Even at the P/S of an established company like Facebook, TikTok’s US operations would be worth on the order of $200B. That’s on par with the largest acquisitions in history and dwarves Nvidia’s acquisition attempt of ARM.
Relative valuations aren’t the key differences, it’s what the companies do, and what they support.
ARM technology powers the vast majority of mobile devices, and is estimated to have upwards of 30% of the PC CPU market share by 2026.
It’s sale, or acquisition, is more than a pissing match between two great powers.
I don’t see there being a sale at all. ByteDance isn’t gonna sell the world’s hottest social media platform simply because a foreign country demands it, and even if it were a lucrative enough offer to be tempting, the CPC wouldn’t allow it anyway. If something like this happened in the other direction, I think 1/4 of the US Senate would go into cardiac arrest on the spot, and there’s exactly a 0% chance it would be allowed to happen