TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.

The White House has examined a menu of options to avert a TikTok ban deadline set for Saturday. One proposal — letting TikTok’s Chinese owner lease the algorithm to a TikTok spinoff in the U.S. — would probably face resistance from China hawks in Trump’s party.

A pending HBAR ETF and ByteDance’s U.S. divestment deadline could catalyze investor interest and elevate HBAR’s profile.

The situation underscores the complex interplay between national security interests and corporate investments, as TikTok navigates its future in the American market. TikTok’s integration into retail shopping through influencer marketing aligns seamlessly with Amazon’s e-commerce strategy.

Tim Stokely, the founder of OnlyFans, and a cryptocurrency foundation have joined forces to place a late-stage bid for the acquisition of TikTok’s U.S. operations from ByteDance.

Blackstone is discussing joining ByteDance's existing non-Chinese shareholders in contributing fresh capital to bid for TikTok's U.S. business.

Amazon has told the White House it is interested in buying TikTok ahead of a key deadline by which its parent company, China-based ByteDance, must either sell the popular social media app or face a ban in the U.