Of Course There Are Already Plans For A ‘TikTok Global’ IPO

Of Course There Are Already Plans For A ‘TikTok Global’ IPO

When Steve Mnuchin teased "TikTok Global" earlier this week, it was hard not to laugh. The Treasury secretary, in remarks to CNBC, claimed that ByteDance's partnership with Oracle would end up creating 20,000 new US jobs by way of a new, US-headquartered company named for the popular video app which Donald Trump threatened to ban unless it was sold to a US firm by the middle of this month. Fast forward 48 hours and there are already headlines about an IPO for "TikTok Global" despite the compan
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5 thoughts on “Of Course There Are Already Plans For A ‘TikTok Global’ IPO

  1. If he wants the US to get its cut, he could always raise corporate taxes, but of course, that would punish all those other corporations that create jobs and make gobs of money without any reliance on the US government. /s

  2. Government will turn this business into unprofitable and useless BS. Among those “20,000 new US jobs” they will have 1000 engineers and 19000 controllers, watchdogs, project managers and compliance specialists.

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