Mnuchin Believes TikTok Algorithm Could Be Rebuilt If He Buys It [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
believes the social media app's critical video recommendation technology could be replicated. Most Read from Bloomberg Israel Says a Cease-Fire Plan Backed by Hamas Falls Short Trump Judge Indefinitely Postpones Documents Case Trial Apple Revamps iPads With AI-Focused Pro Model, Bigger Air Einhorn Says Markets Are ‘Broken.' Here's What Data Shows “I've actually spoken to a lot of tech companies on working about rebuilding this,” Mnuchin said Tuesday in an interview with Bloomberg Television. “I do believe the algorithms could be rebuilt. So my plan, if we were to purchase, it would be to rebuild the technology under US leadership, make sure that it's all disconnected from ByteDance going forward, and that it is very robust and secure.” A federal law passed in the US last month requires TikTok's Chinese parent company, ByteDance Ltd., to sell its stake in the popular video app within a year or face being banned in the country. Even if it were to agree to divest — which By
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