Former Treasury Secretary Steve Mnuchin has made headlines with his announcement of putting together a bid to buy TikTok, the popular app facing uncertain prospects in the U.S. This move comes shortly after the House passed a measure aimed at banning the Chinese-owned company or mandating a sale to an American-based owner.
If the ban successfully navigates the Senate and receives President Biden's signature, TikTok would need to find a buyer or cease operations. Mnuchin's involvement adds a surprising twist to the ongoing saga, as the former Trump administration official is now spearheading efforts to acquire the platform.
