2020 is a year full of twists and turns. It is even interesting when it comes to TikTok that is actively looking for a US company to by them of face imminent ban in the same country.
TikTok had alot of interested companies wanting in because of its popularity among Gen Z and millenials plus that sweet sweet algorithm.
Are you really even a tech company if you haven’t explored acquiring TikTok?
Alphabet, Twitter, Microsoft, Walmart and Oracle. Yeah, Oracle. All these and more wanted to buy the U.S operations of TikTok.
There was alot of activities. Jack started following TikTokComms, TikTok started following TwitterSupprt handles on Twitter.
Weeks later, Microsoft called it quits leaving Oracle as the only bidder interested in buying TikTok.
TikTok current CEO had already resigned and the company is now run by Vanessa Pappas, Vanessa Pappas. You can ready her profile on New York Times and Wall Street Journal.
It’s worth noting that Oracle will have full access to the app’s source code in a proposed deal. This is to ensure that there are no back doors used by the parent company to gather data on the 100 million American users.
New York Times reports that once the deal goes trough, TikTok will have to go public on an American stock market in about a year.
President Trump and his adminstration are still in talks with ByteDance about the ownership of TikTok.
The social media giant also has other problems to solve, including the vacant CEO seat.
One name comes up. Kevin Systrom.
Kevin cofounded Instagram and wa sit CEO before quiting in 2018.
Compared to other founders of startups acquired by Facebook, Kevin and Mike had stuck around longer thanks to the independence that Facebook granted them. Mark Zuckerberg then began exerting more control and meddling over.
It will be interesting to see how this goes if Kevin is named the new TikTok CEO.
Other people are already skeptical of this saying that Kevin looks like a guy who would want to build something from the ground up.
However, Kevin has said in the past that he has no interest in starting another social network
Before you close this tab, check out this interesting site aptly called – Has TikTok Been Sold Yet?
