Kevin Systrom probably won’t take over TikTok, but it’s fun to dream

Illustration by Alex Castro / The Verge This week was the deadline for ByteDance to divorce itself of TikTok over security concerns, but at press time no deal has been struck. Instead, we have the strangest of corporate entities now taking shape. And, thanks to journalists at the New York Times, we have perhaps the most delicious morsel of reporting to ever emerge from TikTok deal talks. Let’s take a look at the latest. The first thing to say is that we may see action from President Trump within days — and that, if he approves the deal, we could soon see a TikTok IPO. Here are Alex Sherman and Lauren Feiner at CNBC: President Donald Trump is expect to decide on TikTok’s fate in the U.S. in the next 24-36 hours, sources told CNBC’s David Faber. To address ownership concerns,... Continue reading…

Kevin Systrom probably won’t take over TikTok, but it’s fun to dream
Illustration by Alex Castro / The Verge

This week was the deadline for ByteDance to divorce itself of TikTok over security concerns, but at press time no deal has been struck. Instead, we have the strangest of corporate entities now taking shape. And, thanks to journalists at the New York Times, we have perhaps the most delicious morsel of reporting to ever emerge from TikTok deal talks.

Let’s take a look at the latest.

The first thing to say is that we may see action from President Trump within days — and that, if he approves the deal, we could soon see a TikTok IPO. Here are Alex Sherman and Lauren Feiner at CNBC:

President Donald Trump is expect to decide on TikTok’s fate in the U.S. in the next 24-36 hours, sources told CNBC’s David Faber.

To address ownership concerns,...

Continue reading…