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Microsoft has emerged as a saviour to young users of TikTok, who praised the tech industry giant for trying to buy parts of the social media company's operations, in hopes of avoiding a US shutdown.
A growing number of US influencers are worried about TikTok’s future as the social video app faces growing scrutiny from the US government, rising competition from rivals such as Facebook and the defection of top level creators.
DUBAI: The financial fallout from the coronavirus pandemic will keep fuelling debt issuance from the Middle East into 2021, while also stoking mergers and acquisitions (M&As) as companies seek to consolidate, according to JPMorgan Chase & Co.
Analysts say company has steady income from M’sia, Japan
PETALING JAYA: TDM Bhd has completed the acquisition of a 70% equity in THP-YT Plantation Sdn Bhd, effectively increasing TDM’s total planted area in Terengganu from 31,346 ha to 33,653 ha.
Microsoft Corp’s potential acquisition of short-video app TikTok carries myriad risks, thrusting it into the politically fraught social media business and Sino-US conflict amid increased scrutiny of big-tech companies.
In a bid to salvage a deal for the US operations of TikTok, Microsoft Corp chief executive officer Satya Nadella spoke with US president Donald Trump by phone about how to secure the administration’s blessing to buy the wildly popular, but besieged, music video app.
The heads of four of the US’s biggest technology companies – Alphabet Inc, Apple Inc, Facebook Inc and Amazon.com Inc – appeared before US Congress earlier last week to respond to criticism that they have too much market power. The hearing showed that lawmakers are beginning to understand what is and isn’t important when it comes to regulating these large businesses.
NEW YORK/WASHINGTON: China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.