Some TikTok users think the algorithm is different now, but did something really change after the short-lived ban of the app in the U.S.?

Perplexity is seeking to create a new $300-billion public company with TikTok's U.S. business and include investments from other investors.

Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised proposal allows ByteDance to retain some ties but excludes the algorithm.

When the Supreme Court upheld a law that banned TikTok from the US, it seemed well aware that its ruling could resonate far beyond one app. The justices delivered an unsigned opinion with a quote from Justice Felix Frankfurter from 1944: “in considering the application of established legal rules to the ‘totally new problems’ raised by the airplane and radio,

Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated their interest in the app.

TikTok remains unavailable on Google and Apple’s app stores in the U.S. It can't be downloaded and users who still have the app could see its performance degrade.

A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a new U.S. holding company, “NewCo.”

Last week, President Donald Trump paused TikTok's nationwide ban in the U.S., after the Supreme Court ordered it be shut down due to national security concerns over its ties to the Chinese government. This could potentially enable Beijing to access user data and influence American users.

Perplexity AI proposes to merge with TikTok to address national security concerns raised by the U.S. government. Perplexity AI, a U.S.-based search engine startup, has revised its merger proposal for TikTok’s U.

Others who have reportedly considered buying TikTok include Elon Musk, real estate billionaire Frank McCourt, and Shark Tank host Kevin O’Leary. Trump recently said he would like Larry Ellison, who co-founded Oracle, to buy the platform.

Perplexity AI proposes a merger with TikTok U.S., offering a new U.S. holding company where the U.S. government would own up to 50% post-IPO, excluding TikTok's core algorithm. The proposal aims to create 'NewCo',