Shark Tank's Kevin O'Leary wants to buy TikTok: It's 7.2M businesses generating $11B in revenue
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- Опубліковано 30 кві 2024
- After President Joe Biden signed a foreign aid package that included a bill forcing TikTok's parent company ByteDance to divest from the app or face a ban in the US, several personalities have shown interest in buying the popular social media platform. One such candidate is Shark Tank investor and venture capitalist Kevin O'Leary, who has voiced his fervent interest in making a deal, but what could a TikTok deal from Mr. Wonderful look like?
O’Leary Ventures Chairman Kevin O'Leary joins The Morning Brief to discuss his interest in buying the popular social media app and what investors need to keep in mind for anyone looking to buy and maintain TikTok.
"Here's the real challenge: How do you keep those 7 million businesses, that [are] generating all of that revenue, on board during the choppy period of rewriting this algo [algorithm]? That's my secret sauce," O'Leary tells Yahoo Finance the biggest obstacle for keeping TikTok going.
"Those are my people. Those are two generations of Shark Tank... they're all in their 20s and 30s, they're the Sharkies... Here's my deal, I'm going to do the largest equity crowdfunding round in US history. Inviting all of them to come in right beside me as an equity shareholder. We'll start with the JOBS Act, but that's only good enough for $75 million. We will need to file an S-1."
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he does not have enough money to buy Tik Tok in 100 lifetimes
He will partner with other people to get the funding. He clearly mentions it.
Clearly didn't watch the video.
@@juleouscamper5256 problem?
Obivously
you didn't even watch this interview
did I hear royalty?
Kevin can't afford TikTok
he can afford that after ban ;)
watch the interview 🙄
Shameless...
Sad this happening to TikTok. Forced to sell is ludicrous
Sad is the position of China, and other dictatorship countries
I used to think he was a serious guy. "How about no" is not a legally recognized answer.
Normally yes, but when it comes to security (especially on this scale) I doubt any judge wants to paint glowing crosshairs on themselves when the beneficiary is the CCP.
Not a judgement this is admiration
he can always dream.
Chinese said it clearly, Tiktok is NOT for sale.
it will quit US market with a fight
He would ruin it.
Thought he was building an oil refinery
Buying for money.
He is tripping
The Arabs should buy it and then have Islamic law enforced on its posts.
Virtual Sharia.
Ha! you're funny but alas could be true in the future.
Last time I checked his net worth is about 500 million and Tik Tok is valued anywhere’s between 20-80 billion. So how much capital is he trying to raise to fund this acquisition ? 😂
Pipe dream!
Kevin the FTX promoter? Banned from CNBC? Yeah that's him alright.
Skype became a upos…
Pipe dream…
So much for "Free Market Capitalism"
I’m glad I never went on Tik Tok.
Okkk
Cocky boldy thinks this is SHARK TANK trying to LOWBALL the biggest social media company lol
not getting sold lol
Kevin O'Leary, the perfect representation of what's wrong with capitalism. Great scammer btw, highly recommend.
O'Leary - the new Rockefeller of the digital age
This peddler?
This guy is a clown.
Tik Tok should not be allowed to be purchased by a private investor. It must only be allowed to be bought and traded publicly.