MICROSOFT IS IN TALKS TO BUY TIKTOK IN U.S.
The TikTok application, owned by China-based ByteDance, is installed on 2 billion phones worldwide. Tiktok has 800 million active users. India has the most Tiktok users in the world with 120 million, followed by USA with 36 million and Turkey with 29 million. According to the Wall Street Journal, Microsoft will make a proposal regarding the operation in the USA of the company under the pressure of Trump.
US Secretary of State Mike Pompeo announced in early July that they plan to ban Chinese social media practices, including the TikTok application. Trump, on the controversy over whether TikTok will be banned in the US due to his ties with the Chinese government, said, “We are looking at this issue. We are considering a decision on this matter.” Treasury Secretary Steven Mnuchin said that they are working on TikTok, saying that they have several different options and that they will offer a proposal to President Trump.