Lots of data, access to the Chinese market, a social media app under their wing, and an aligned work culture. Alongside the gains for ads, moving their shit to AWS, and retail gains, it seems like a better idea than throwing money into the AI fire.
Wouldn't be surprised if there was an exceptionally well funded US startup that makes a debut before TikTok is blocked if they don't sell. TikTok has to weigh the possibility that they can't compete if they don't exist.
They refused to entertain offers. 1T dollars seems mighty, but TikTok is a multi-year if not multi-decade data collection hub. That data is on the youth of America and their trajectories.
That’s priceless to the power hungry. It’s not just money, it’s control.