TikTok’s is about to be owned by Microsoft, yet.
Microsoft has arisen as the potential buyer after the reports of Trump pushing ByteDance to sell their TikTok’s US operations. This allegation was reported first by the Fox Business Network’s Charles Gasparino on Friday.
A TikTok representative stated, “While we do not comment on rumors or speculation, we are confident in the long-term success of TikTok.”
However, Microsoft declined to comment.
In the US, it is still unclear whether the US President Trump has the power to mandate and order a foreign company to sell their state with another US business. This order is said to be the surge to attack TikTok and other Chinese companies, citing security concerns.
Microsoft CEO Pledges To Fight Racism Through Hiring, Purchasing, Donations
The CEO Satya Nadella of Microsoft pledged to beat racism in the company and personally. They aim to improve the work of African Americans by pushing for a better justice system, focusing on its hiring, donating funds to groups, tackling racial inequality, and buying from more-diverse suppliers.
Nadella pointed out the recent changes in Microsoft such
- Deepening ties with historically black colleges and universities by improving the hiring process.
- Donating $250,000 each to those and related organizations pushing for racial equality.
- Asking Microsoft employees to participate in the company’s diversity and inclusion program.
- Expanding its supplier diversity program, which accounts for 10% of Microsoft’s spending on goods and services.
Trade Talks Resume
Chinese officials are pushing to bring up President Donald Trump’s very vocal prospective bans on certain transactions with two powerhouse apps on the grounds of national security.
The intentions of the Chinese regarding TikTok and WeChat are still unknown at this point.
Seven months right after both countries signed an agreement to put the tariff war to a halt due to the global economic backlash, the goods that the U.S. has purchased are experiencing extreme backlogs.
The purchases that the U.S. government has made are now falling far behind schedule.