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Reports say Microsoft is in talks to buy Tik Tok in monster deal.

Posted on 7/31/20 at 2:13 pm
Posted by agregime1
Member since Mar 2015
1265 posts
Posted on 7/31/20 at 2:13 pm
LINK

quote:

SAN FRANCISCO — Microsoft is in talks to acquire TikTok, the Chinese-owned video app, according to a person with knowledge of the discussions, as President Trump said on Friday that he was considering taking steps that would effectively ban the app from the United States.

It’s unclear how advanced the talks between Microsoft and TikTok are, but any deal could help alter TikTok’s ownership, said the person with knowledge of the talks, who spoke on the condition of anonymity. TikTok is owned by ByteDance, a Chinese internet company that is valued at $100 billion. That has raised scrutiny of the app, with Trump administration officials saying that they have been concerned that TikTok poses a threat to national security.

The Trump administration has been weighing whether to order ByteDance to divest from American assets it acquired in 2017, which were later merged into TikTok. Bloomberg reported Friday that the president was poised to announce an order that would force ByteDance to sell TikTok’s U.S. operations.

The Trump administration has also been weighing other potential actions against the company, including adding ByteDance to a so-called “entity list,” which prevents foreign companies from purchasing American products and services without a special license, according to people familiar with the matter.

“We’re looking at TikTok, we may be banning TikTok,” Mr. Trump told reporters on Friday before heading to Florida. “We may be doing some other things. There’s 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.”

Representatives from TikTok did not respond to requests for comment. A spokesperson for Microsoft declined to comment. The discussions between Microsoft and TikTok were earlier reported by Fox Business.


Side note these tech companies are borderline insane now.
quote:

Cash each company has:

Apple: $193.6 billion
Microsoft: $136.5 billion
Google: $121.1 billion
Amazon: $71.4 billion
Facebook: $58.2 billion

Total: $580.8 billion


quote:

Combined valuations of Facebook, Apple, Amazon & Google:

2020: $5.1 trillion

2015: $1.5 trillion

2010: $260 billion

2005: $130 billion


quote:

Revenue generated each hour:

Amazon: $40.7 million

Apple: $27.3 million

Google: $17.5 million

Microsoft: $17.4 million

Facebook: $8.6 million

Netflix: $2.8 million


quote:

Amazon’s second quarter revenue:

2020: $88.9 billion
2019: $63.4 billion
2018: $52.9 billion
2017: $37.9 billion
2016: $30.4 billion
2015: $23.2 billion
2014: $19.3 billion
2013: $15.7 billion
2012: $12.8 billion
2011: $9.9 billion
2010: $6.6 billion
2009: $4.7 billion


quote:

Combined annual revenue of Apple Amazon, Facebook & Google:

2020: $859 billion (estimate)
2019: $774 billion
2018: $692 billion
2017: $559 billion
2016: $470 billion
2015: $434 billion
2014: $351 billion
2013: $310 billion
2012: $269 billion
2011: $198 billion
2010: $130 billion


Everything adjusted these are some of the biggest companies to ever exist.
This post was edited on 7/31/20 at 2:15 pm
Posted by LoneStar23
USA
Member since Aug 2019
5837 posts
Posted on 7/31/20 at 2:14 pm to
More Chinese infiltration
Posted by MF Doom
I'm only Joshin'
Member since Oct 2008
12054 posts
Posted on 7/31/20 at 2:41 pm to
Zero chance China allows an American company to buy one of the biggest social media platforms on the planet
Posted by schatman
Montana
Member since Nov 2018
2958 posts
Posted on 7/31/20 at 2:57 pm to
I wonder how this affects Julia Bergeron
Posted by red sox fan 13
Valley Park
Member since Aug 2018
19244 posts
Posted on 7/31/20 at 2:58 pm to
Better to be spied on by an American company over a Chinese one I guess....

Also, people complain about how rich and powerful Big Tech companies are, but if you say you want to do a little trust busting or introduce some regulation, you’re a communist.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
45594 posts
Posted on 7/31/20 at 2:59 pm to
Does Tik Tok have porn?
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