StartEngine's Plot to buy Tik Tok

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SWIPE UP TO BID

Tik Tok has 228 days to find a buyer, or will be forced to cease operations in the U.S.

The U.S. government does not like that Tik Tok’s owner Bytedance has strong ties to the Chinese government, and could be passing data on U.S. citizens to its regime.

Further damaging the situation is the fact that most U.S. social media companies are banned from operating in China.

The top social media companies are worth billions of dollars, and Tik Tok’s U.S. business is no exception. While Tik Tok is expected to challenge the ruling in the courts, a large sale has a fair chance of happening.

Household names like Walmart, Oracle, and Microsoft have all been rumored to be potential suitors.

One more suitor has tossed their hat in the ring: Kevin O’Leary.

The Canadian businessman and host of Shark Tank is the face of StartEngine.

O’Leary has taken a unique approach with his looming bid - he’s crowdfunding reservations through the StartEngine platform.

I love the idea of the American people being the ones that actually buy Tik Tok - the symbolism is just…*chef’s kiss*

Right now there is no deal or offer in place, but retail investors can reserve an investment here if it should come to that.

Does O’Leary Have a Shot?

I would put O’Leary’s chances at buying Tik Tok at less than 1%. He’s going up against heavy hitters with deep pockets.

And through current crowdfunding laws, entities can only raise a maximum of $75M.

So even if he maxes out the round, he’ll need to find an additional…*clickity clacks on calculator*….$99.25 billion dollars.

To me, this smells like a marketing campaign, and a clever one at that. O’Leary & StartEngine have had their plot picked up by major networks/publishers in recent weeks.

But hey - count me in for $1k if this actually ends up happening.

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