Billion-dollar listing
Billion-dollar listing: U.S. investors are lining up to bid on a freshly legislated TikTok. A top contender? Former treasury secretary Steven Mnuchin. If a sale happens, don’t expect China to give up its algorithm — whoever buys it will get the brand but probably not the tech behind it.
Tags: algorithm, brand, China, investors, sale, Steven Mnuchin, tech, TikTok