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Market
How will major US tech companies respond to TikTok's situation by December 31, 2024?
2
Resolution / Starting Odds
Launch competing app • 25%
Increase lobbying efforts • 25%
Attempt acquisition • 25%
No significant action • 25%
Official announcements from major tech companies or credible news sources like Reuters, BBC, or CNN
Story
DOJ Accuses TikTok and ByteDance of Collecting Sensitive US User Data, Censoring Content
Jul 27, 2024, 06:57 AM
The US Department of Justice (DOJ) has accused TikTok of collecting data on American users' views on sensitive topics such as gun control, abortion, and religion. According to the DOJ, TikTok censored content at the direction of its China-based parent company, ByteDance. The DOJ's filing, reported by the Wall Street Journal, highlights ongoing security concerns regarding TikTok and ByteDance, suggesting that proposed changes by TikTok would not prevent China from using the app to collect data or spread propaganda. This revelation comes amid legal challenges and discussions about the potential sale or ban of TikTok in the US.
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Remove TikTok from app stores • 25%
Keep TikTok available • 25%
Announce plans to remove if no sale • 25%
Other actions • 25%
Increase in lobbying efforts • 25%
Partnerships with U.S. companies • 25%
Operational changes • 25%
No significant change • 25%
Supreme Court blocks ban • 25%
ByteDance sells TikTok • 25%
TikTok banned • 25%
No resolution • 25%
Remove TikTok • 25%
Keep TikTok • 25%
Temporarily suspend TikTok • 25%
Other action • 25%
Remove TikTok • 33%
Keep TikTok • 33%
No decision by deadline • 34%
Remove TikTok • 25%
Keep TikTok • 25%
Delay decision • 25%
Other action • 25%
ByteDance sells to a US company • 25%
ByteDance sells to a non-US company • 25%
ByteDance does not sell • 25%
Other outcome • 25%
Relocate operations • 25%
Seek legal action • 25%
Negotiate with U.S. government • 25%
Other actions • 25%
TikTok banned • 25%
ByteDance divests • 25%
Supreme Court blocks ban • 25%
Other outcome • 25%
Divests TikTok • 25%
Does Not Divest • 25%
Finds Alternative Solution • 25%
Awaiting Supreme Court Decision • 25%
Sold to a U.S. company • 25%
Sold to a non-U.S. company • 25%
Remains under current ownership • 25%
Operations cease in U.S. • 25%
Ban reversed • 25%
Ban upheld • 25%
No action taken • 25%
Other action • 25%