Donald Trump’s TikTok deal may ‘benefit’ Bytedance more than US owners, report claims
ByteDance is poised to receive half or more of TikTok US's total profit, despite selling a majority stake to American investors. This significant profit comes from a licensing fee for its core algorithm and a share proportional to its remaining equity. The deal, announced by Trump, awaits China's official statement.
ByteDance is poised to receive half or more of TikTok US's total profit, despite selling a majority stake to American investors. This significant profit comes from a licensing fee for its core algorithm and a share proportional to its remaining equity. The deal, announced by Trump, awaits China's official statement.
