Mnuchin wants to scrap TikTok’s algorithm in bid to buy the app

Former Treasury Secretary Steven Mnuchin is reportedly telling investors he would rebuild TikTok if he is able to purchase the popular social media platform.

Mnuchin has told prospective investors that he may try to overcome the hurdles of a TikTok purchase from its current Chinese owners by not buying the algorithm, which China has banned from being exported, according to a report from the Washington Post.

The report suggests that Mnuchin believes he can buy the platform at a discount if the algorithm is not included, but it would force the social media network to be rebuilt as a result.

Mnuchin announced his intention to assemble a group of investors to purchase TikTok as the House of Representatives advanced legislation to force the Chinese company ByteDance to sell TikTok or have the app banned in
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