Bill Gurley

So the new co would be capitalized with this new money. It would have a new board.

So the new co would be capitalized with this new money. It would have a new board.

So the new co would be capitalized with this new money. It would have a new board.

No, that's my understanding, that it would go into NUCO, that NUCO would get a license to the algorithm, and it would be up to NUCO to audit that, to audit the data. Because remember, that's the whole point here, Bill. We want to have some control over the algorithm and the data, so it makes sense that Oracle would be involved in that.

No, that's my understanding, that it would go into NUCO, that NUCO would get a license to the algorithm, and it would be up to NUCO to audit that, to audit the data. Because remember, that's the whole point here, Bill. We want to have some control over the algorithm and the data, so it makes sense that Oracle would be involved in that.

No, that's my understanding, that it would go into NUCO, that NUCO would get a license to the algorithm, and it would be up to NUCO to audit that, to audit the data. Because remember, that's the whole point here, Bill. We want to have some control over the algorithm and the data, so it makes sense that Oracle would be involved in that.

Because remember, TikTok runs on the Oracle Cloud down in Texas. I think a logical question is, okay, what's the so what here? And I'm hearing that the valuation for TikTok US could be pretty low, which I would expect, right? Because remember, Trump has said, maybe we'll put this in the US sovereign wealth fund. So he's negotiating the deal. I expect that he wants to get a pretty damn good deal.

Because remember, TikTok runs on the Oracle Cloud down in Texas. I think a logical question is, okay, what's the so what here? And I'm hearing that the valuation for TikTok US could be pretty low, which I would expect, right? Because remember, Trump has said, maybe we'll put this in the US sovereign wealth fund. So he's negotiating the deal. I expect that he wants to get a pretty damn good deal.

Because remember, TikTok runs on the Oracle Cloud down in Texas. I think a logical question is, okay, what's the so what here? And I'm hearing that the valuation for TikTok US could be pretty low, which I would expect, right? Because remember, Trump has said, maybe we'll put this in the US sovereign wealth fund. So he's negotiating the deal. I expect that he wants to get a pretty damn good deal.

No, no, no idea. No idea.

No, no, no idea. No idea.

No, no, no idea. No idea.

Well, I think, remember, if we go back six months... There was a camp that said, shut it down. And there's a camp saying, or we'll just take it, right? Right.

Well, I think, remember, if we go back six months... There was a camp that said, shut it down. And there's a camp saying, or we'll just take it, right? Right.

Well, I think, remember, if we go back six months... There was a camp that said, shut it down. And there's a camp saying, or we'll just take it, right? Right.

And I think that the company's perspective, Yiming, the founder of the company, he basically said there's no way to separate the algorithm between TikTok US and TikTok rest of world because creators in the US create content that go to the rest of the world and vice versa. And so, like, if you took away all the U.S., it does so much damage, you would be better to shut down TikTok U.S.

And I think that the company's perspective, Yiming, the founder of the company, he basically said there's no way to separate the algorithm between TikTok US and TikTok rest of world because creators in the US create content that go to the rest of the world and vice versa. And so, like, if you took away all the U.S., it does so much damage, you would be better to shut down TikTok U.S.

And I think that the company's perspective, Yiming, the founder of the company, he basically said there's no way to separate the algorithm between TikTok US and TikTok rest of world because creators in the US create content that go to the rest of the world and vice versa. And so, like, if you took away all the U.S., it does so much damage, you would be better to shut down TikTok U.S.

and just invite the U.S. creators onto the French platform or the United Kingdom version of this or the Australian version of this via a VPN or something. So I think the big change here, Bill, is this idea that U.S. TikTok... And global TikTok will continue to use the same algorithm. And it's just a license to the US TikTok would be my guess was part of that bridge or breakthrough.

and just invite the U.S. creators onto the French platform or the United Kingdom version of this or the Australian version of this via a VPN or something. So I think the big change here, Bill, is this idea that U.S. TikTok... And global TikTok will continue to use the same algorithm. And it's just a license to the US TikTok would be my guess was part of that bridge or breakthrough.