Business

Can TikTok survive its takeover turmoil?

A last-minute intervention by Beijing made the battle over the future of TikTok’s social network even more complicated, said Zheping Huang and Colum Murphy at Bloomberg. Last month, Trump threatened to ban the Chinese-owned network, immensely popular with youth around the world, over concerns it could share data with China’s government. Software giants Microsoft — allied with Walmart — and Oracle issued competing bids for TikTok’s U.S. operations. But China “threw a wrench” into the plans this week. Much as the U.S. has used export rules to limit how U.S.

Source:

theweek.com

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