Is Amazon Angling To Buy TikTok? The Two Companies’ Ties Deepen

📆 9/13/2024 10:54 AM
📰 ForbesTech

⏱ Reading Time:
40 sec. here
11 min. at publisher
📊 Quality Score:
News: 50%
Publisher: 59%

Tiktok News

Bytedance,Amazon,Ban

Alexandra S. Levine is a journalist covering technology's impact on society, mainly writing investigations and features about social media, children's safety online and AI. She joined Forbes in 2022.

Amazon had a relationship with TikTok well before TikTok's future was on the line, but their latest partnership has taken on new significance.

Illustration by Fernando Capeto for Forbes; Images by MirageC/Getty Images; Kenneth Cheung/Getty Images Amazon’s turning to TikTok to tap into social, and TikTok’s turning to Amazon to strengthen its burgeoning e-commerce business. Insiders say that these “frenemies” locking arms could help thwart a ban.approaches for TikTok to be sold to an American firm or face a nationwide ban, the Chinese-owned social media giant is quietly deepening its ties to a major company that is central to Americans’ daily life, and one of its biggest rivals: Amazon.

Amazon’s attempt at social commerce was Amazon Inspire, a TikTok-style personalized in-app feed with shoppable photos and videos that launched in late 2022, while TikTok’s answer was TikTok Shop, which went live a year later.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breaking down Citi's trades; Short oil, buy dollar vs. euro, buy US stocksBreaking down Citi's trades; Short oil, buy dollar vs. euro, buy US stocks
Source: Investingcom - 🏆 450. / 53 Read more »