Thanks to the rising popularity that TikTok has seen over the past year or two, it became inevitable that the hot new video streaming and social media platform would try to penetrate arguably the most profitable market in the world: America. With all of that having been said and out of the way, it is important to note that Donald Trump has been trying quite hard to ban TikTok in the country, claiming that there are issues with the app’s privacy policies that could lead to problems down the line.
While many have noted that American companies such as Facebook and Instagram seem to blatantly make use of user data while disregarding user privacy without any issues, the fact of the matter is that the US President wants to ban this app and there is a good chance that this might end up happening at this point.
Currently, TikTok’s parent company ByteDance has started looking for people to potentially purchase their American operation. A big part of the reason why that is the case has to do with the fact that this would be a loophole allowing the app to still get an American audience and profit from its foray into that market even if it does end up getting banned.
One major company that is considering making a purchase is Microsoft. Microsoft has a social media platform, LinkedIn, and it has made acquisitions to help LinkedIn’s more business oriented focus. However, the tech giant has also made forays into regular social media, including an attempt to acquire Facebook in 2010. This might be a good opportunity for the tech company, and it is certainly taking this opportunity seriously. However, since there are no numbers available for how much TikTok would be demanding and Microsoft does already have its own platform it remains to be seen if and when this would happen.
Read next: The investors of ByteDance have valued TikTok for $50 billion while ByteDance considers other options for the platform
While many have noted that American companies such as Facebook and Instagram seem to blatantly make use of user data while disregarding user privacy without any issues, the fact of the matter is that the US President wants to ban this app and there is a good chance that this might end up happening at this point.
Currently, TikTok’s parent company ByteDance has started looking for people to potentially purchase their American operation. A big part of the reason why that is the case has to do with the fact that this would be a loophole allowing the app to still get an American audience and profit from its foray into that market even if it does end up getting banned.
One major company that is considering making a purchase is Microsoft. Microsoft has a social media platform, LinkedIn, and it has made acquisitions to help LinkedIn’s more business oriented focus. However, the tech giant has also made forays into regular social media, including an attempt to acquire Facebook in 2010. This might be a good opportunity for the tech company, and it is certainly taking this opportunity seriously. However, since there are no numbers available for how much TikTok would be demanding and Microsoft does already have its own platform it remains to be seen if and when this would happen.
- Also read: TikTok’s CEO believes that the competition on social media would ‘dry up’ for the US without TikTok
Read next: The investors of ByteDance have valued TikTok for $50 billion while ByteDance considers other options for the platform
