The rush to shop for the popular video sharing app TikTok is a hot cake right now. After the ban of TikTok in the US, some big tech companies are in continuous attempt to buy it out. Will the unban work out after the acquisition? Will the Trump administration allow TikTok to run its business if it gets Americanized? We don’t know yet.
The problem for Twitter is going to be the cash. Microsoft can afford to gamble, since they have trillions to spend, but twitter may not afford to loose such amount with such a huge risk if anything fails.
Here comes another tech gaint, Twitter. Reuters reported that the micro blogging site Twitter has been in the conversations with the authorities of Bytedance, which owns TikTok, on buying the business and make it an American company. ByteDance has nearly half a month to sort out its transaction issues with the US.
The question is about cash. With a net worth of just a mere US$30 billion, can twitter afford to even buy tiktok? The problem for Twitter is going to be the cash. Microsoft can afford to gamble, since they have trillions to spend, but twitter may not afford to loose such amount with such a huge risk if anything fails. Will it turn out to be like persicope, which twitter bought back in 2015 and shut down in 2016? No one knows. But Twitter needs to outbid the corporate gaint Microsoft and gain support from its partners to seal the deal before September 2020.
