Shark Tank's Kevin O'Leary wants to buy TikTok: It's 7.2M businesses generating $11B in revenue
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Published 2024-05-01
O’Leary Ventures Chairman Kevin O'Leary joins The Morning Brief to discuss his interest in buying the popular social media app and what investors need to keep in mind for anyone looking to buy and maintain TikTok.
"Here's the real challenge: How do you keep those 7 million businesses, that [are] generating all of that revenue, on board during the choppy period of rewriting this algo [algorithm]? That's my secret sauce," O'Leary tells Yahoo Finance the biggest obstacle for keeping TikTok going.
"Those are my people. Those are two generations of Shark Tank... they're all in their 20s and 30s, they're the Sharkies... Here's my deal, I'm going to do the largest equity crowdfunding round in US history. Inviting all of them to come in right beside me as an equity shareholder. We'll start with the JOBS Act, but that's only good enough for $75 million. We will need to file an S-1."
#youtube #news #stockmarket
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All Comments (21)
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he does not have enough money to buy Tik Tok in 100 lifetimes
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did I hear royalty?
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Kevin can't afford TikTok
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Shameless...
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I used to think he was a serious guy. "How about no" is not a legally recognized answer.
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Sad this happening to TikTok. Forced to sell is ludicrous
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Not a judgement this is admiration
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he can always dream. Chinese said it clearly, Tiktok is NOT for sale. it will quit US market with a fight
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The Arabs should buy it and then have Islamic law enforced on its posts. Virtual Sharia.
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He would ruin it.
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Buying for money.
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Thought he was building an oil refinery
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Last time I checked his net worth is about 500 million and Tik Tok is valued anywhere’s between 20-80 billion. So how much capital is he trying to raise to fund this acquisition ? 😂
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Pipe dream!
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He is tripping
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Kevin the FTX promoter? Banned from CNBC? Yeah that's him alright.
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So much for "Free Market Capitalism"
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Skype became a upos…
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Pipe dream…
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Okkk