The TikTok takeover of Microsoft on the company has been put to a halt after the U.S. President Trump said he’d rather ban the app completely.
No one wants to be in the position of a Chinese company in the United States now. The crackdown on them has been harsh and swift. Huawei has been completely axed from the picture. Now, TikTok is about to receive its death-blow from the hands of the U.S. government.
The U.S. has been tightening its grip around the neck of TikTok. It claims that its national security is put under threat because of privacy issues related to China. However, there’s a silver lining for the company. Microsoft could allegedly be the savior of the company barring any flip-flopping from the government.
Microsoft’s TikTok takeover
TikTok has been on the news heavily over the weekend. One day President Trump says that he wants the company to be fully U.S. owned. The following day, he reverses on the stance and declares a full ban on the company.
Despite this confusing situation, ByteDance, the mother company of TikTok, still might give up control of the app for its continuity. The terms it set for a takeover of a company relinquish ByteDance’s control over the app. In other words, any U.S. company can manage the app to avoid any further security concerns from the government.
Microsoft stepped up to the plate to start the talks. However, no clear terms of the deal have been disclosed. Still, the U.S. company may choose not to push through with the deal considering the vague position of the White House. President Trump still has first to clarify his decision on the issue.
ByteDance to continue giving jobs
TikTok CEO Kevin Mayer has made it clear that they feel that the government is ganging up on his company. Several other social media companies are in the mix of an anti-trust probe. However, he believes that just because of their Chinese connections, TikTok is getting grilled more.
Nevertheless, the company is committed to giving entertainment and fun to its users. A TikTok spokesperson said to Digital Trends,
“Hundreds of millions of people come to TikTok for entertainment and connection, including our community of creators and artists who are building livelihoods from the platform. We’re motivated by their passion and creativity, and committed to protecting their privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform.”
Image used courtesy of DANIEL CONSTANTE/Shutterstock