Amazon Enters TikTok Acquisition Fray as Sale Deadline Nears.

2 months ago 5

PULSE POINTS:

What Happened: The U.S. set an April 5 deadline for TikTok to sell or face a ban, with Amazon entering the bidding.

👥 Who’s Involved: Amazon, the Trump administration, ByteDance (TikTok’s Chinese parent company), AppLovin, Oracle, and President Donald J. Trump.

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📍 Where & When: The situation is unfolding in the U.S., with a key deadline on April 5.

💬 Key Quote: President Trump mentioned there are multiple potential buyers and expressed a desire to keep TikTok operational.

⚠️ Impact: The ban on TikTok could proceed if no sale is agreed upon and approved by both the Trump administration and China.

IN FULL:

A number of Big Tech giants are intensifying their efforts to acquire the social media app TikTok as the deadline for its Chinese parent company, ByteDance, to divest itself from the company or face its banning in the United States looms. While Oracle has long been considered the most likely serious buyer to acquire TikTok, the multinational software company may now face significant competition, with Amazon showing interest in purchasing the app. President Donald J. Trump has mandated that TikTok must be sold to a non-Chinese company by April 5, or the app will be banned from being downloaded in the United States due to national security concerns.

It is believed that Amazon has submitted a formal letter to President Trump declaring intent to enter the acquisition race. However, while Oracle and Amazon stand out as having the requisite capital to make significant bids to acquire TikTok, several other potential buyers could still make a last-minute push for ownership.

Notably, mobile tech firm AppLovin has placed a bid to acquire TikTok. Meanwhile, Kevin O’Leary—a Canadian businessman and host of the popular Shark Tank reality show—joined with real estate developer and Project Liberty founder Frank McCourt to make a purchase offer this past January.

President Trump recently stated that he would prefer TikTok to remain available to U.S. users, suggesting he hopes one of the potential buyers will be able to reach a deal with ByteDance to acquire the app. Additionally, Trump indicated that he may extend the timeframe for TikTok’s sale if negotiations need more time.

Image by Steve Jurvetson.

PULSE POINTS:

What Happened: The Senate approved a resolution to oppose President Donald J. Trump’s tariffs on Canadian imports, with the legislation aimed at repealing the emergency declaration permitting these trade levies.

👥 Who’s Involved: Senators Rand Paul (R-KY), Mitch McConnell (R-KY), Susan Collins (R-ME), and Lisa Murkowski (R-AK) joined with Senate Democrats to support the resolution, which is sponsored by Senator Tim Kaine (D-VA).

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📍 Where & When: The Senate passed the measure on Wednesday following President Trump’s “Liberation Day” event at the White House Rose Garden, where he announced that substantial import duties would be imposed on foreign nations with high tariffs on U.S. exports.

💬 Key Quote: Senator Rand Paul stated, “Taxation without representation is tyranny,” characterizing tariffs as a form of taxation and arguing the Constitution forbids one person from enacting taxes.

⚠️ Impact: The resolution likely won’t advance in the GOP-controlled House.

IN FULL:

In a Senate session on Wednesday, a resolution challenging President Donald J. Trump’s tariffs on imports from Canada was advanced to the House of Representatives, with Senators approving the bill in a 51-48 vote. Introduced by Hillary Clinton’s former running mate, Senator Tim Kaine, the measure seeks to revoke the emergency declaration that sanctioned these tariffs by citing the influx of fentanyl across the border. This vote saw four Republican defections, with Sens. Rand Paul, Mitch McConnell, Susan Collins, and Lisa Murkowski joining the Democrat minority to pass the measure.

The resolution’s passage is arguably a symbolic win for Senate Democrats who have worked to derail President Trump’s America First trade agenda. However, while Democrats in the Senate were able to peel off just enough Republican votes to pass the anti-tariff resolution, it is unlikely to advance in the House, where Republican leaders will likely move to kill it before it can move to the floor for a vote.

“[W]e are here before the Senate because one person in our country wishes to raise taxes,” Sen. Paul argued in support of the Democratic resolution on the Senate floor late last night. “Well, this is contrary to everything our country was founded upon. One person is not allowed to raise taxes. The Constitution forbids it.”

“This is a tax, plain and simple,” he reiterated, adding: “Taxation without representation is tyranny.”

While tariffs can technically be categorized as a form of taxation, the import duties are not borne by American consumers for the most part. Instead, foreign companies impacted by tariffs will often absorb a significant portion of the import duty to preserve their market position—essentially opting to take a short-term revenue loss to ensure they maintain their consumer base for the long term.

It is also highly questionable to suggest that there is a lack of “representation” when an elected President with a mandate from the American people raises tariffs.

The Senate’s passage of the anti-tariff resolution came just hours after President Trump announced a 10 percent blanket tariff on all foreign imports and imposed additional, more targeted trade levies on a number of countries that have high tariffs on U.S. goods.

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A 50-year-old man has been arrested after apparently attempting a suicide car bombing in the Netherlands on Thursday morning. The unnamed suspect’s car burst into flames in Amsterdam’s Dam Square, where a Ukrainian from the partially Russian-controlled Donetsk region carried out a mass stabbing last Thursday.

Video footage from the scene shows the suspect emerging from his blazing vehicle, on fire, and rolling on the ground in an attempt to put out the flames. Later video footage shows him shuffling around the square, still partly on fire, until law enforcement steps in and douses him with fire extinguishers.

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Police say they “suspect that the driver caused the fire himself,” but a motive for the possible attack is unknown or undisclosed as of the time of publication. He is described as a Dutch national, although his ethnic and religious background is unclear.

The authorities report no injuries to bystanders are known, although some eyewitnesses describe glass flying “into our necks” when the car’s windows blew out.

Last week, a Ukrainian named Roman D. carried out a mass stabbing in the same square, wounding five people, including a 67-year-old American woman and a 69-year-old American man, before he was detained by bystanders, including a British tourist who pinned him down until police arrived.

The Ukrainian reportedly had bogus papers for multiple false identities, and an investigation into his possibly terroristic motives is ongoing.

BREAKING:

Video of the moment the failed car bomb exploded at the main square in Amsterdam, Netherlands.

A car is on fire after a small explosion. The police believe it’s a deliberate attack.

It’s the same location where 5 people were stabbed a few days ago. pic.twitter.com/6xmudcjXE4

— Visegrád 24 (@visegrad24) April 3, 2025

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A 50-year-old man has been arrested after apparently attempting a suicide car bombing in the Netherlands on Thursday morning. The unnamed suspect's car burst into flames in Amsterdam's Dam Square, where a Ukrainian from the partially Russian-controlled Donetsk region carried out a mass stabbing last Thursday. show more

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