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Stockreport

Eric Schmidt on buying TikTok: ‘I looked at it for a while,' but the government should regulate instead [Fortune]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Fortune
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
A new federal law requires TikTok to be sold by its parent, ByteDance Ltd., within a year or face a ban in the US. Schmidt, who ran Alphabet Inc.'s Google for over a decade, confirmed on Tuesday that he at one point considered purchasing the platform — though he added that it's no longer on the table. “I'm not currently looking at that,” Schmidt said in an interview with Bloomberg TV. “I looked at it for a while.” He added that his personal view was that the US would be better off regulating TikTok, rather than banning it or having the app be subject to judicial action. ByteDance is unlikely to sell off the core technology that determines what people see in their feeds, an algorithm that has propelled TikTok to more than 170 million monthly US users. The Chinese government would have to sign off on any such deal, leaving some to speculate that a buyer would seek to acquire the American operations and users — but not the tech that underpins the app. Recreating the algorithm woul [Read more]
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Stockreport

Eric Schmidt on buying TikTok: ‘I looked at it for a while,' but the government should regulate instead [Fortune]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Fortune
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
A new federal law requires TikTok to be sold by its parent, ByteDance Ltd., within a year or face a ban in the US. Schmidt, who ran Alphabet Inc.'s Google for over a decade, confirmed on Tuesday that he at one point considered purchasing the platform — though he added that it's no longer on the table. “I'm not currently looking at that,” Schmidt said in an interview with Bloomberg TV. “I looked at it for a while.” He added that his personal view was that the US would be better off regulating TikTok, rather than banning it or having the app be subject to judicial action. ByteDance is unlikely to sell off the core technology that determines what people see in their feeds, an algorithm that has propelled TikTok to more than 170 million monthly US users. The Chinese government would have to sign off on any such deal, leaving some to speculate that a buyer would seek to acquire the American operations and users — but not the tech that underpins the app. Recreating the algorithm woul [Read more]
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GOOG
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LAST PRICE AT
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