Tik Tok To Be Banned? Twitter To Be Fined? Oddsmakers Weigh In

• The over/under for the sale price of Tik Tok is set at $30 billion with standard odds.
• Tik Tok is favored to be sold before September 5th.
• Twitter is favored to be fined over $200 million.

SAN FRANCISCO – Both Tik Tok and Twitter are in hot waters right now.

Tik Tok is on the verge of being banned in the United States by President Trump if they do not sell their platform to a US-based company. As for Twitter, they are looking to face huge fines for the misuse of private user data.

As the two social media platforms have seen better days, online sportsbooks have weighed in on both of their situations.

As mentioned before, Tik Tok is facing a potential ban from their largest market which is the United States due to security reasons about the apps ties to the Chinese government.

President Donald Trump has made it clear that the app must be sold on or before September 15th in order for it to have access to the U.S. market.

As for when they would sell, bettors can believe that the current manufacturers act quickly and sell before the deadline to avoid losing their biggest market and losing a lot of money. Bettors should be betting on them to sell on or before 9/5/20.

As for the sale price, some investors have valued the company as high as $50 billion. It is hard to see any company paying that much for a company that would be rushing to sell but bettors can believe that the entertainment company knows its worth and would not settle for under $30 billion.

With that being said, bettors should be taking the over in this situation.

Twitter Fine

Twitter is another app that is facing big trouble internally in the United States as they were caught misusing private user data to target specific audiences with advertisements.

Being that they were caught, the Federal Trade Commission filed a complaint against them which could cost them anywhere between $150 to $200 million.

Being that this is a big infringement on user data, it is expected that their fine will not be taken lightly and that they will be facing $250 million in fines. With that being said, bettors can lean on the over here for an easy payout.