Mnuchin plans to rebuild TikTok without its algorithm, potentially allowing for a discounted purchase.

Former Treasury Secretary Steven Mnuchin plans to rebuild TikTok from scratch without the app's valuable algorithm, according to two people familiar with his pitch. Mnuchin has indicated that he could purchase TikTok without the export-blocked code, forcing the app to be rebuilt with billions of lines of coding before it can be usable again. This proposal may allow potential investors to buy TikTok at a discounted price, Mnuchin suggests.

March 30, 2024
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