Why does Walmart want TikTok? Look at how teens shop in China - News Summed Up

Why does Walmart want TikTok? Look at how teens shop in China


The Trump administration says TikTok poses a national security threat because of its ties to China. TikTok denies those allegations and is suing the Trump administration over the order, which it calls "heavily politicized." Unlike Walmart, Microsoft has a cloud service for storing the app's data and the technical know-how to run a social media network. The Trump administration is unlikely to oppose a Microsoft-Walmart bid because of both companies' quiet efforts to build bridges with the current administration, said Schiffer. Walmart confirmed it was interested in buying TikTok just hours after Mayer's resignation.


Source: CNN August 28, 2020 13:47 UTC



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