Jameson CampAdvising on AI and GTM | 2x Exits

No way we lose TikTok #homebusiness #socialmedia

24 Apr 2024 · 1 min

Watch on YouTube

0:45

In this brief commentary, the speaker notes that President Biden has signed legislation banning TikTok after passing both chambers of Congress, and points out that the bill also includes a $95 billion aid package for Ukraine, Israel, and Taiwan. The speaker argues that the ban is unlikely to be fully enforced because TikTok is privately valued at around $200 billion, with major investors such as General Atlantic and other U.S.-based venture capital firms. They hypothesize that within the next 12 months the platform will either be sold to a U.S. entity for a substantial sum or win a legal challenge, rather than being forced to shut down. The speaker acknowledges the possibility of being wrong but frames the outlook as driven by investor greed and market realities.

Chapters

Okay, so Biden signs into law. It's passed the Senate, it's passed the House. The ban on TikTok. Also see how they snuck in $95 billion of printing money in aid to Ukraine, Israel, and Taiwan. Hypothetically, my hot take is in general that this is actually not going to go through. Either going to sell to a US entity or they're going to win in court somehow. And that's just because I believe that people are greedy. And in private markets, TikTok is valued around $200 billion. Right. And so all the large investors in TikTok include companies and firms like General Atlantic, these giant, giant American-based VCs. Firms. And those combined with whether it's the CCP or ByteDance or whoever are not going to let it go to zero. They would rather go sell it off for $100 billion, $200 billion, go get that money back, then let it go to zero. Or they'll win in court or something. Of course, I could be wrong. Let's see where we are in the next 12 months.