Acquiring Algorithm Is Key to Owning TikTok, Says Wyoming Entrepreneur

‘We need a clean break from ByteDance and China,’ says Wyoming-based wealth manager Reid Rasner, who has offered nearly $50 billion for the platform.

A man holds a phone displaying the TikTok app, in this file photo, on Aug. 11, 2024. Oleksii Pydsosonnii/The Epoch Times

With any deal, the devil is in the details. And acquiring TikTok is no different.

The U.S. government—both the Biden and the Trump administrations—has been concerned about the video platform’s China-based parent company ByteDance, which makes it susceptible to the Chinese Communist Party’s control, and pushed for a change of ownership.