confirmed an earlier Fox Business story that the Washington-based tech giant was in talks to buy TikTok, which with over 2 billion global downloads has become one of the fastest-growing social media platforms., would involve the U.S. investors in TikTok's owner, ByteDance, acquiring the app.
A spokeswoman for TikTok declined to comment, adding via a statement, "We are confident in the long-term success of TikTok. Hundreds of millions of people come to TikTok for entertainment and connection, including our community of creators and artists who are building livelihoods from the platform.
TikTok is owned by Beijing-based conglomerate ByteDance, and its Chinese ties have sparked growing concern over how it handles user data. Earlier in the day, reported that President Donald Trump was preparing to order ByteDance to divest its U.S. TikTok business. in Saturday, ByteDance has agreed to divest U.S. operations of TikTok. If the proposed deal went forward, Microsoft would take over operations of TikTok in the U.S. The story noted that the White House has not yet commented to whether it will accept ByteDance's offer.. He made the announcement to reporters Friday on Air Force One as he returned from Florida.
TikTok has attempted to allay concerns by storing data from American users in the U.S. and Singapore. Earlier this year, it appointed Disney veteranLaunched in China in 2016 as Douyin, TikTok came to the U.S. in 2018 after its acquisition of competitor Musical.ly. Since then, its growth has exploded. Users, many of them young, socially savvy people who use Instagram and Snapchat, are attracted to its infinite scroll of personalized videos and the ease of shooting and posting video clips.
johnnydollar01 LinkedIn and TikTok = the same company is so 2020.
Do kids still think it’s cool when Microsoft runs it?
The report literally says Microsoft “will be in charge of protecting all of TikTok's U.S. user data, the sources said. The plan allows for a U.S. company other than Microsoft to take over TikTok in the United States, the sources added.”
BAintheBoro
It’s OK if Bill Gates spies on you... because he’s not Chinese? 🤔
Microsoft? They have been implanted in China since 1992. Their second largest R&D Center outside of the US is in China. What is the nature of their relationship with the C C P? Do your job: investigate EpochTimes
$MSFT into social media oh boy.
The deal is going to make the software giant a major player in social media.
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