Microsoft's plans to buy TikTok may seem crazy at first, but it's all about the data. TikTok would give Microsoft eyes into a market where it is mostly blind: smartphone use among Generation Z. But there's another appealing side for Microsoft: TikTok is reportedly a huge customer of arch-rival Google Cloud. Visit Business Insider's homepage for more stories.
Now read 'I was seen as a risk': Successful Black founders share frustrating experiences while raising venture capital, and how they triumphed anyway Research shows that VCs have stopped pushing founders into workaholism to achieve hypergrowth during the pandemic — but one VC says it won't last Join the conversation about this story » NOW WATCH: 7 secrets about Washington, DC landmarks you probably didn't know
More like this (3)
Trump wants to ban TikTok to keep Americans' data out of China's hands, but Microsoft and Oracle's track records suggest they could turn it over to the US government instead (MSFT, ORCL)
Summary List Placement Trump wants to force the sale of TikTok to a US tech company...Summary List Placement Trump wants to force the sale of TikTok to a US tech company in order to keep Americans' data out of the hands of the Chinese government. But the app's most likely buyers, Microsoft and Oracle, play a massive role in helping the US government spy on its own citizens. The companies provide a range of technologies to law enforcement agencies,...
Microsoft and Walmart acquiring TikTok would give the companies 'riches of data' to compete with top rival Amazon, analysts say (MSFT, WMT, AMZN)
Microsoft and Walmart teamed up on a bid to acquire a portion of TikTok, Walmart confirmed...Microsoft and Walmart teamed up on a bid to acquire a portion of TikTok, Walmart confirmed to Business Insider. If the bid is successful, analysts say acquiring TikTok would give the companies "riches of data" to take on their mutual biggest rival, Amazon. The Trump administration originally set a Sept. 15 deadline for TikTok to find a buyer, which has since been extended, but...
Bill Gates called Microsoft's potential TikTok deal a 'poison chalice' and said 'who knows what's going to happen'
In an interview with WIRED published Friday, the billionaire Microsoft co-founder Bill Gates talked about the...In an interview with WIRED published Friday, the billionaire Microsoft co-founder Bill Gates talked about the state of US coronavirus testing, vaccines, and Microsoft's potential TikTok deal. On Thursday, President Donald Trump issued an executive order that banned TikTok's parent company – ByteDance, which is a Chinese firm – from operating business in the US. Regarding Microsoft's potential acquisition of TikTok, Gates, who now...