Tiktok app purchases have started gaining momentum now. Till now, the Microsoft company was seen standing alone in the purchase deal of Tiktok’s American operations. But now Twitter’s name has also been added to the shopping list. Micro-blogging website Twitter has also joined the Chinese short video making app Tiktok in the shopping spree. Twitter has engaged in a conversation with Tiktok, showing interest in buying Tiktok’s US operation.
Trump banned tiktok app
Let us tell you that US President Trump has recently passed an executive ordinance due to national security, instructing Tiktok to withdraw from the US in 45 days. In this case, Tiktok’s parent company ByteDance will have to sign the deal within 45 days, because after 45 days, Tiktok’s parent company will be completely banned from financial transactions in the US.
The path to Twitter is not easy
According to the experts of the case, shopping for Tiktok for Twitter will not be easy. Actually the financial condition of Twitter company is unfit compared to Microsoft. Twitter’s market capitalization is around $ 30 billion. In such a situation, it will have to take other companies to buy Tiktok, while Microsoft will not face any such challenge. Because of this, the Microsoft company seems to be at the forefront of the competition for Tiktok app purchases.
Tiktok banned in India before America
Before the US, let us tell that first of all, 59 Chinese apps including Tiktok were banned. This decision was taken by the Indian side due to its security concerns. Whether or not Tiktok’s Indian operations will be included in Twitter and Microsoft’s purchase deal. No information has been revealed about this at the moment.