Post by jinathjemi22222 on Feb 24, 2024 23:18:02 GMT -6
Another technology giant has just entered the scene as a possible dance partner for TikTok, the trendy app around the world that is under direct threat from Donald Trump in the United States. The Wall Street Journal reported late Saturday that Twitter and TikTok are in "preliminary" talks regarding a possible partnership . "People familiar with the matter" have explained that the deal, which Twitter may not pursue aggressively, could affect TikTok's operations in the United States. TikTok declined to comment on the information to Business Insider . "We do not comment on market rumors," Josh Gartner, head of corporate communications for the company, has limited himself to saying.
Donald Trump has long insisted that the video app be separated from its Chinese parent, ByteDance, citing security concerns. Last week Trump said he would "ban" the app , something he directly can't do , if ByteDance doesn't sell it. Microsoft seemed until now the favorite in the negotiations , with an estimate of the possible agreement for TikTok's operations in the United C Level Contact List States between 10,000 and 30,000 million dollars (between 8,500 and 25,000 million euros), as published by Business Insider . Read more: Why the US wants to ban TikTok and what Microsoft is looking for with its purchase: the keys to this summer's technological soap opera It's unclear what the deal between Twitter and TikTok would look like, how much it would cost, or how Twitter might pay for it.
The WSJ highlights that Twitter's market capitalization is about $29 billion, while Microsoft exceeds $1.6 trillion. "Because it is much smaller, Twitter has reasoned that it would be unlikely to face the same level of antitrust scrutiny as Microsoft or other potential buyers, people familiar with the negotiations have said," explains the American newspaper. Read more: TikTok opens headquarters in Spain and selects workers for its office in Madrid Twitter has about 186 million users, according to the latest financial results presented at the end of July. TikTok has more than 100 million users in the United States alone.