TikTok’s potential buyers

Dude, where is my car? It's usually there, I hope. However, that's not the case for many people.

This is because of a TikTok viral video that shows how to hijack Kia and Hyundai cars using a USB cord.

TikTok thieves are not the only ones to be on your guard. One Tesla owner claimed that his smartphone was used as a key to unlock his vehicle. He then drove away with the car.

Both scenarios are enough to drive anyone crazy, if they're possible to drive.

Hallam Bullock is a London-based reporter and I am here to guide you through this week's top Tech stories.

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1. TikTok? Are there any buyers?

US officials demand that TikTok sell its American business to its Chinese owners. This would be a move that could reduce the risk of national security.

Insider has learned that there is a small number of companies who would consider purchasing TikTok.

• The app would run more than most companies would spend, especially during an economic downturn.
• Analysts believe that the price tag for TikTok’s US assets could be anywhere from $40 billion to $100 billion.
• A sale to a private equity firm or consortium could be an option. This would allow TikTok to remain a standalone business and make it available for public offering.
• Experts also pointed out that large tech companies already own social media businesses. Google owns YouTube and Meta controls Instagram and Facebook; both businesses could be subject to antitrust scrutiny if they were to buy a competitor.

Here are the experts who could buy TikTok.

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Top tech stories for the week:

2. An ex-Meta worker claims she was paid by the company to stop working. A former worker claims that Meta was hoarding staff similar to Pokemon cards after recent comments about Meta hiring employees to do "fake jobs". Continue reading.

3. "How could this happen?" After Silicon Valley's collapse, a married couple that worked in Silicon Valley was devastated. SVB's collapse almost brought about "mass extinction" for the startup industry. Here's how the collapse affected some people who worked there.

4. This employee is quitting because Amazon's plan to return to work doesn't meet her needs. The full story is here.

5. ChatGPT put a math teacher in an existential crisis. But now, she's using the AI to her advantage. ChatGPT could be a threat for many industries. Insider even listed the most at-risk careers. But one teacher claims it can make their jobs easier. Here's her use of it.

6. Have you ever tried fasting as Elon Musk? We've done it. Musk claimed that he lost more 20 pounds by fasting "regularly" last year. Insider's Sam Tabahriti tested it and was surprised by the results. Continue reading.

7. Instead of allowing Taiwan's semiconductor factories to fall into China's hands, the US would rather destroy them. According to a former national security adviser, if China took over the factories, they could "control all aspects of the global economy." Read the full story.

8. Peter Thiel claimed that he had $50,000,000 in his personal account at Silicon Valley Bank before the bank collapsed. Thiel said to the FT that despite advising clients not to withdraw their cash from SVB, he still had a substantial amount of his own money in the bank at the time it crashed Friday. You can read more here.

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Our tech analysis team:

9. Silicon Valley Bank's collapse shows that tech's elites still need the government. As SVB collapsed, many realized that libertarians were no longer free. Continue reading.

10. Meta's job reductions are not about inflation or the economy. These job cuts are about Mark Zuckerberg's errors. Meta laid off 10,000 employees this week. This is in addition to November's job cuts. That's more than 21,000 people being laid off. While Zuckerberg cites economic changes, investors long believe it was Zuckerberg's decisions that brought about this change. Read the full story.

Today's team: Hallam Bullock in London, Lisa Ryan in New York, and Dave Smith in Toronto.

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By: hbullock@insider.com (Hallam Bullock)
Title: TikTok’s potential buyers
Sourced From: www.businessinsider.com/tiktok-potential-buyers-svb-elon-musk-chatgpt-meta-peter-thiel-2023-3
Published Date: Sat, 18 Mar 2023 11:11:00 +0000

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