Steven Mnuchin's Interest in TikTok

Former United States Secretary of the Treasury, Steven T. Mnuchin, has expressed a keen interest in investing in TikTok. He proposed a unique idea of transferring all its technology to ensure it no longer engages with ByteDance in the future.

Investment Prospects and Challenges

In a conversation with CNBC, Mnuchin shared his skepticism about China's willingness to negotiate but highlighted the interest from his group of investors. He mentioned that last year's bid was paused but could be revisited now that Donald Trump has entered office.

TikTok's Recent Turmoil

The Chinese social media giant experienced a tumultuous weekend, with its services being disabled and then restored following an executive order from President Trump, granting TikTok a 75-day grace period from a potential ban.