TikTok’s source code is the ‘golden jewel’ buyers won’t get: Analyst

The House of Representatives voted 352 to 65 in favor of a bill potentially banning TikTok from US markets if its parent company, Bytedance, fails to divest US assets within six months. Former Treasury Secretary Mnuchin announced on CNBC Thursday morning that he is building an investment group to buy the social media video app.  Wedbush Securities Managing Director Dan Ives joins Yahoo Finance to discuss the vote from the House and the challenges involved with acquiring it. Ives outlines the initial barrier for interested TikTok buyers: "The issue is, we only think there's a 25% chance that this legislation actually gets done, in terms of being approved through the Senate. It's a slippery slope. At the end of the day, no one is going to buy TikTok without the actual code and source and algorithms, and that's the whole issue here. China and Bytedance are not going to do that. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino