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The Supreme Court's decision to uphold a law mandating TikTok's sale by Sunday has sparked speculation about potential buyers, including Elon Musk, MrBeast, and Kevin O'Leary. President Biden has left enforcement of the ban to incoming President Trump, who has expressed intentions to "save" the app. Concerns over Chinese government influence and data privacy have fueled the push for an American ownership structure.
Elon Musk has shared humorous posts to downplay rivalry rumors with Jeff Bezos, reflecting on their past friendship during a viral dinner photo from 2004. Following Blue Origin's successful New Glenn launch, Musk encouraged Bezos and likened their relationship to characters from "Stepbrothers." Meanwhile, Musk's SpaceX faced challenges with its Starship prototype, which failed shortly after launch, prompting him to share insights on the incident.
Elon Musk and Jeff Bezos are intensifying their rivalry in the space sector, each launching prototype rockets on the same day. Musk's SpaceX is pushing boundaries with its Starship, while Bezos's Blue Origin successfully reached orbit with New Glenn, despite some setbacks. Both billionaires are focused on reusable technology to reduce launch costs and are competing for contracts with NASA and in satellite deployment.
In a notable shift, Trump has developed close ties with tech leaders like Tim Cook, Elon Musk, and Sundar Pichai, as he prepares for his inauguration. Cook praised Trump’s leadership, while Musk and others are set to play significant roles in shaping tech policy, including AI and cryptocurrency regulations. Meanwhile, TikTok's future remains uncertain as Trump considers a temporary suspension of divestment requirements for the app.
TikTok CEO Shou Chew is set to attend President-elect Donald Trump's inauguration amid looming threats to the app's U.S. operations. With a deadline for divestiture approaching, both Trump and President Biden are exploring options to keep TikTok available, despite past efforts to ban it. Meanwhile, American investors, including MrBeast, are reportedly interested in acquiring TikTok's U.S. arm to prevent a shutdown.
Billionaires Jeff Bezos and Elon Musk are in a fierce competition in the space industry, with Blue Origin's New Glenn successfully launching into orbit, marking a significant milestone for Bezos. Meanwhile, SpaceX is set to launch its Starship for the seventh time, aiming to maintain its dominance in commercial space launches. Both companies have ambitious plans for 2025, with contracts for NASA's Artemis program and competing satellite internet services.
The cryptocurrency market is experiencing a significant downturn, with major altcoins like Solana and Dogecoin facing substantial losses. Amid this bearish sentiment, PropiChain (PCHAIN) emerges as a promising investment opportunity, targeting a potential 30,000% growth by revolutionizing the $634 trillion real estate market through AI and blockchain technology. With over $2.2 million raised in its presale, PropiChain aims to streamline property transactions and eliminate inefficiencies, drawing investor interest as it prepares for a transformative impact in 2025.
Circle has donated 1 million USDC to President-elect Donald Trump's inaugural committee, joining Ripple, Coinbase, and Kraken in support. The Trump-Vance Inaugural Committee aims to raise $150 million for inauguration events, with contributions already exceeding this goal. Trump's inauguration is scheduled for January 20, 2025, at the US Capitol, and the incoming administration is expected to create a more favorable regulatory environment for crypto assets.
Ethereum is projected to reach $5,000 by 2025, driven by historical market trends and significant catalysts like the rise of Ethereum ETFs and increased staking. However, the investment remains risky, with potential threats including market volatility and competition from faster altcoins. Experts recommend limiting cryptocurrency investments to about 2% of a diversified portfolio.
Bernard Arnault, the chairman and 48% owner of LVMH, saw his net worth plummet by over $53 billion in 2024, dropping from $231 billion to $178 billion amid a nearly 40% decline in LVMH shares. Despite this setback, he remains the sixth richest person globally. Deloitte forecasts that ultra-rich families managing wealth through private offices will increase their fortunes from $5.5 trillion today to $9.5 trillion by 2030, driven by gains in their businesses and investments.
Jeff Bezos
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
potential buyers emerge for tik tok ahead of impending ban
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19:58 05.01.2025
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