
Who could buy TikTok?
CNN
The clock has begun ticking for TikTok to find a new owner.
The clock has begun ticking for TikTok to find a new owner. President Joe Biden signed legislation Wednesday that would ban TikTok in the United States unless its Chinese parent, ByteDance, sells the app. TikTok plans to challenge the law in court, but if it fails, the company would have to find a buyer, and fast. That raises the question of who the US government might view as a suitable new owner of a social media platform with 170 million US users and a rising challenger to legacy social media giants such as Facebook-parent Meta. The prospect of a TikTok sale could lead to a potential feeding frenzy, drawing out everyone from tech companies to retailers and private equity firms and investment bankers. And an added headache for any potential buyer: China’s commerce ministry has previously said it would “firmly oppose” any forced sale of TikTok. There’s no apparent consensus on a favorite bidder yet. But some candidates seem more likely than others, legal experts and business analysts say.

President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the most punishing trade barriers as America works out new trade agreements around the globe.

If paying $1,000 for a new iPhone already sounded expensive, consumers should brace for even greater sticker shock later this year. President Donald Trump’s tariffs on foreign goods – specifically those sourced from China – are expected to heighten the prices of everyday tech products, from iPhones to laptops, cars and even smaller gadgets like headphones and computer mice.

The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.