TikTok Is Not for Sale, Barry Ritholtz Says

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  • Bloomberg Technology published this video item, entitled “TikTok Is Not for Sale, Barry Ritholtz Says” – below is their description.

    Sep.15 — Barry Ritholtz, founder of Ritholtz Wealth Management and a Bloomberg Opinion columnist, says the Chinese government will not sell TikTok because of the value of its underlying algorithm. He speaks with Bloomberg’s Tom Keene and Lisa Abramowicz on “Bloomberg Surveillance.” Ritholtz’s opinions are his own.

    Bloomberg Technology YouTube Channel

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    In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

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