<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="At the same time, Microsoft is currently in talks to buy TikTok, per reports by Bloomberg and the New York Times, citing anonymous sources. TikTok, which lets users record, share and watch short-form lip-syncing and other videos, has surged in popularity over the past two years.” data-reactid=”20″>At the same time, Microsoft is currently in talks to buy TikTok, per reports by Bloomberg and the New York Times, citing anonymous sources. TikTok, which lets users record, share and watch short-form lip-syncing and other videos, has surged in popularity over the past two years.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Trump previously has issued three orders blocking M&A deals involving foreign parties. Per the Wall Street Journal, those included blocking a private-equity firm with ties to the Chinese government from buying U.S. chip maker Lattice Semiconductor; stopping Singapore-based Broadcom from acquiring Qualcomm; and ordering by China-based Beijing Shiji Information Technology to sell its ownership in software company StayNTouch.” data-reactid=”21″>Trump previously has issued three orders blocking M&A deals involving foreign parties. Per the Wall Street Journal, those included blocking a private-equity firm with ties to the Chinese government from buying U.S. chip maker Lattice Semiconductor; stopping Singapore-based Broadcom from acquiring Qualcomm; and ordering by China-based Beijing Shiji Information Technology to sell its ownership in software company StayNTouch.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="It was already public that the Trump administration government was considering banning TikTok over security concerns related to TikTok’s Chinese ownership, as Secretary of State Mike Pompeo said earlier this month. TikTok has said it has never shared data with Chinese authorities “nor would we do so if asked.”” data-reactid=”22″>It was already public that the Trump administration government was considering banning TikTok over security concerns related to TikTok’s Chinese ownership, as Secretary of State Mike Pompeo said earlier this month. TikTok has said it has never shared data with Chinese authorities “nor would we do so if asked.”
“We’re looking at TikTok. We may be banning TikTok,” Trump said, speaking to reporters Friday. “We may be doing some other things. There are a couple of options. But a lot of things are happening, so we’ll see what happens. But we are looking at a lot of alternatives with respect to TikTok.”
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="In a statement to Variety, a TikTok rep said: “While we do not comment on rumors or speculation, 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. We’re motivated by their passion and creativity, and committed to protecting their privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform.”” data-reactid=”24″>In a statement to Variety, a TikTok rep said: “While we do not comment on rumors or speculation, 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. We’re motivated by their passion and creativity, and committed to protecting their privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform.”
Reps for Microsoft did not respond to a request for comment.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="A group of ByteDance investors including Sequoia and General Atlantic, who want to acquire control of TikTok amid the concerns over its Chinese ownership, have valued TikTok at about $50 billion, Reuters reported.” data-reactid=”26″>A group of ByteDance investors including Sequoia and General Atlantic, who want to acquire control of TikTok amid the concerns over its Chinese ownership, have valued TikTok at about $50 billion, Reuters reported.
The U.S. is TikTok’s largest market in terms of recent app installs (excluding third-party Android marketplaces in China), according to research firm Sensor Tower. In July to date, TikTok has been installed 63.2 million times from Apple’s App Store and Google Play globally, with the U.S. accounting for 6.1 million of those, or about 10%.
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