With US President Donald Trump and his Chinese counterpart Xi Jinping scheduled to discuss details on Friday, a long-awaited agreement over TikTok may be imminent. According to rumors, TikTok’s US business may be sold to a consortium of American companies as a result of a “framework” deal reached this week by top officials from both parties.
If the agreement is approved, it will resolve a long-standing dispute and represent what one analyst referred to as a “rare breakthrough” in US-China trade talks. The BBC has been hearing from experts about what Beijing would receive in exchange for a final agreement for TikTok’s 170 million US users.
According to reports, a new app version tailored to the US would be made available to users. Additionally, the US businesses might be acquired by a consortium comprising financial companies Andreessen Horowitz and Silver Lake, as well as the software behemoth Oracle. The BBC has contacted the businesses for comment. What precisely is on the table, though? The “secret sauce” at the core of TikTok’s algorithm, which suggests content to users based on their tastes and actions.
It is essential since it propels the app’s popularity and virality. Speaking on condition of anonymity, a former social media executive who worked for Snap and Viber told the BBC that other businesses have attempted to replicate the algorithm, but they are not as successful. Instagram has Reels, while YouTube has Shorts.
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