Twitter, TikTok discuss potential combination: WSJ

Twitter, TikTok discuss potential combination: WSJ


New York: The Wall Street Journal reported on Saturday that Twitter is having preliminary discussions with TikTok about possible combinations after US President Donald Trump stated that it would ban the app, saying it poses a threat to national security.

Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and economy of the United States.”

In an executive order, Trump gave Americans 45 days to stop doing business with the platforms, effectively setting a deadline for a sale of TikTok by its Chinese parent firm ByteDance.

He also requested that a large part of the sale be owned by the US Treasury Department.

Microsoft has been TikTok’s main acquirer and said it is in talks to acquire the company’s operations in the United States, Canada, Australia and New Zealand.

The British “Financial Times” reported on Thursday that Microsoft has expanded the scope of negotiations, and the application is now operating globally.

The Wall Street Journal quoted people familiar with the matter as saying that as a smaller company, Twitter’s bid for TikTok is very long, but the social media platform believes that Twitter has received less antitrust censorship than large companies such as Microsoft. .

However, Twitter may need the support of other investors to complete the merger.

Although Twitter allows video sharing, most posts contain short messages and photos or GIFs.

In 2012, Twitter acquired the Vine platform, which allowed users to share short videos, but shut down the service in 2016.

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