WASHINGTON: After India, there is now a buzz in the United States as well. President Donald Trump has made it clear that if no US company buys the Chinese company by September 15, the app will be shown a way out of the anarchy market and its 'business' will be shut down. Trump has previously spoken of banning Tiktok in the United States.
Donald Trump said in no uncertain terms that the app would only survive in the United States if its US operations were purchased by a US company. Trump said he has set a date of May 15 for TikTok to be launched in the US market only if it is bought by Microsoft or a US company. Otherwise, he will have to pack his bags and go back. '
In the midst of all this, there is also news that Microsoft, the world's largest software company, may acquire Tiktok's business in America. Now the Chinese company has only two options, either to sell its business in the US to Microsoft or to face sanctions in the US like in India. However, Tiktok has not yet commented on the matter.
Trump's statement is being seen as a policy to put pressure on TikTok's parent Chinese company ByteDance to sell its US market operations to a US company and make a deal as soon as possible so that the US company can get it at a lower price. In fact Trump is moving forward with a strategy that is part of a trade war in which U.S. companies can move forward and Chinese companies can be stopped making money in America.
TikTok has millions of users in the US and the company is also under scrutiny from US giants such as Microsoft. Microsoft has shown interest in buying the company, but at the same time, it wants to strengthen its hold on the US market by buying TikTok's US operations. Currently, Microsoft is lagging behind Facebook and Google on many fronts. But with the acquisition of TikTok, its user base in the US will grow exponentially, and it will benefit in other ways as well.
The White House said in a statement that Tiktok's parent company, BiteDance Limited, was trying to impress 16.5 million Americans and nearly 2 billion users worldwide by providing data on US users to the Chinese government.
The Chinese company Baitdance has been accused of constantly sharing users' data. Which is Tiktok's parent company. Due to tensions between India and China, the Modi government first banned 59 apps, including TikTok, and then banned some more Chinese apps. Not only this, many apps are also being closely monitored.
Donald Trump said in no uncertain terms that the app would only survive in the United States if its US operations were purchased by a US company. Trump said he has set a date of May 15 for TikTok to be launched in the US market only if it is bought by Microsoft or a US company. Otherwise, he will have to pack his bags and go back. '
In the midst of all this, there is also news that Microsoft, the world's largest software company, may acquire Tiktok's business in America. Now the Chinese company has only two options, either to sell its business in the US to Microsoft or to face sanctions in the US like in India. However, Tiktok has not yet commented on the matter.
Trump's statement is being seen as a policy to put pressure on TikTok's parent Chinese company ByteDance to sell its US market operations to a US company and make a deal as soon as possible so that the US company can get it at a lower price. In fact Trump is moving forward with a strategy that is part of a trade war in which U.S. companies can move forward and Chinese companies can be stopped making money in America.
TikTok has millions of users in the US and the company is also under scrutiny from US giants such as Microsoft. Microsoft has shown interest in buying the company, but at the same time, it wants to strengthen its hold on the US market by buying TikTok's US operations. Currently, Microsoft is lagging behind Facebook and Google on many fronts. But with the acquisition of TikTok, its user base in the US will grow exponentially, and it will benefit in other ways as well.
The White House said in a statement that Tiktok's parent company, BiteDance Limited, was trying to impress 16.5 million Americans and nearly 2 billion users worldwide by providing data on US users to the Chinese government.
The Chinese company Baitdance has been accused of constantly sharing users' data. Which is Tiktok's parent company. Due to tensions between India and China, the Modi government first banned 59 apps, including TikTok, and then banned some more Chinese apps. Not only this, many apps are also being closely monitored.
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