Wtf is going on with TikTok and Microsoft?
TikTok is a Chinese app that has half a billion active users and about 80 million in the US.
Donald Trump is not a fan of China. Trump and other US politicians are worried the app’s Chinese owner ByteDance poses a risk to national security because it could be used to collect Americans’ personal data. Regulators have also raised their own safety concerns.
Late on Friday, Mr Trump says: “As far as TikTok is concerned we’re banning them from the United States.”
MICROSOFT ENTERS THE SCENE.
Microsoft and TikTok were in advanced talks over a potential sale of TikTok’s US operations to Microsoft. The value of TikTok’s US arm has been put at between $15bn and $30bn.
IS THIS SOMETHING GOOD?
It seems good for everyone. The sale to an American company mitigates any reasonable data protection concerns…which is why it’s weird that Trump still wants to ban the app. According to the Financial Times, some executives at TikTok believe Mr Trump’s intervention may just be a negotiating ploy to help Microsoft secure a better deal.
US tech giant Microsoft has confirmed that it is continuing talks to purchase the US operations of Chinese-owned video-sharing app TikTok. Let’s see what happens…