Home Uncategorized Twitter looks at crashing Microsofts TikTok party

Twitter looks at crashing Microsofts TikTok party

Over the weekend it was reported that social media firm Twitter has held initial talks about a possible deal to acquire TikToks US operation, something that Microsoft has spent weeks negotiating both with TikTok parent ByteDance and the White House. With a market cap 50 times the size of Twitters, Microsoft has much deeper pockets and is still very much the front runner. TikToks US operations could end up being valued at more than Twitter itself, raising financing concerns, but The Wall Street Journal noted that the firms smaller size would mean it would face less antitrust scrutiny. Twitters share price is up 15.6 and prepandemic, the firm had been delivering a regular profit, although it slumped to a billion dollar plus loss in the three months to the end of June.