JD Vance values ​​Tiktok in the same way as the parent of Snapchat, and Wall Street loses his head. ‘It’s crazy’

President Donald Trump signed an executive decree on Thursday, opening the way to an agreement to put Tiktok in American hands following a divestment by his Chinese parent. This avoids a total closure of the application in the United States which has been required by law unless Tiktok loses its owner in China.

Speaking while the president signed the executive decree in the oval office, Vance set the value of Tiktok at $ 14 billion – equal to Snapchat Snap. Although he recognized that Tiktok buyers will finally determine the value of the application, his number was still shocking for some.

“It’s crazy. I mean, the number should be wrong. It makes no sense,” Brent Thill, senior technology analyst at Jefferies on Thursday.

Ashwin Binwani, founder of Alpha Binwani Capital, told Bloomberg Vance assessing $ 14 billion at a real value from Tiktok.

“According to all the major financial metrics and the comparison of peers, this price seems radically ill-aligned with reality,” he said.

Earlier this year, Wedbush analyst Dan Ives put the value of Tiktok to “well north of $ 100 billion” with algorithm and up to 200 billion dollars in a “best case scenario”. Without the algorithm, he put it at $ 40 billion at $ 50 billion.

Vance said that the algorithm will be “under the control of American investors”, adding that more details would be to come. The reports earlier this week said that Oracle would recreate Tiktok algorithm and provide a new American version while guaranteeing user data security.

Thill stressed that the meta of the social media giant is worth nearly 2 dollars. Instagram alone has 3 billion global monthly active users. Meanwhile, Tiktok has about 1.2 billion 1.8 billion users worldwide, with only 170 million in the United States.

“So, the only way to read, do they get a good deal, and they’re going to score and it’s going to be a huge windfall? But that has no sense of what I can see,” said Thill.

The American ownership structure is still being finalized, but Trump said that Oracle and its co -founder Larry Ellison would play a “big” role in the management of the application, while the Rupert Murdoch conservative media tycoon and the computer billionaire Michael Dell would remain on the board. Trump also suggested that three other “blue” donors were also part of the property group.

While Trump joked by saying about Tiktok algorithm promoting the content linked to Maga, he said: “Everyone will be treated fairly.” Vance also stressed that companies would stimulate the content decisions of the application.

“We want the company to make decisions concerning the content according to the interest of the company and according to the interest of users, and that is what we think we are coming,” he said.

Thill said Tiktok should be able to draw more advertisers on the application now that an agreement has been concluded to make it work in the United States and that the “drama is over”.

Instagram de Meta is still dominating with regard to the monetization of his platform, but Thill said that there was room for Tiktok, although he is not clear if he will take television market share or other social media applications.

“There are really three platforms that most use: Meta, Tiktok and Snap,” he added. “And I think that in the end, as we have seen. I think there is room for Tiktok and monetization. Snap just couldn’t do it, and it’s a record broken for some time.”

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