TikTok Acquisition Talks are on Hold Thanks to Microsoft
Microsoft and TikTok’s parent company ByteDance had a deal going on which was opposed by President Donald Trump, after which the talks about the deal slowed down. The deal has not completely come to an end as both the companies are constantly trying to figure out the Trump administration’s stance on plans against TikTok operations in the U.S.
Trump had earlier told reporters about his plan to ban TikTok from operating in the country and stated that he was ready to sign a document just the next day for that matter. Following Trump’s remarks, TikTok agreed to add 10,000 jobs in the U.S.
Even though Trump hasn’t provided any specific details about the possible ban, the administration has threatened to ban TikTok for several weeks. This was followed by TikTok U.S. General Manager, Vanessa Pappas’ video statement in which she said that the app is not going anywhere and the company plans to stay in the U.S. for the long run.
Last month, TikTok users encouraged followers to buy tickets to Trump’s rally and not show up, in an attempt to leave the rally seats empty. The tactic actually worked, resulting in lower turnout of the rally than the Trump campaign had expected.