TiKTok Still going, going...
August 29th, 2020 By Dominic Alvieri
@AlvieriD
Attention
Walmart shoppers…
…and
Microsoft, Oracle, Triller, SoftBank, Twitter…
One way or another, TikTok is changing in the next few months.
The process is just insane. The company is unable
to protect its data from Chinese law. The president of the United States is forcing
the sale. CEO Kevin Mayer quit this week after only a few months. Lawsuits have
been filed and investment banking teams are meeting around the clock all over
the world. All risks are not known to all parties.
TikTok has been caught logging MAC addresses and has
not been helpful with fake accounts on its platform. Some of the videos are so
stupid and bullying, but they remain on the site and it has been growing like crazy. ByteDance, parent of TikTok has
finally released subscriber rates to increase its sale price. With all the bad
press surrounding the company, this is a last ditch effort to glorify the value
of its assets under its waning control.
The data grab is complete.
Legacy accounts will have to be changed.
It will be a security nightmare for the acquirer of US TikTok assets.
Bloomberg has reported that SoftBank has filed to sell $14 Billion in assets to raise cash. Microsoft, Oracle, Twitter and even Walmart has stepped up to the table. Reuters reported early this morning that Triller made a $20 Billion bid late last night with the help from another firm. That is not a serious bid. The stakes are higher.
No doubt there will be more twists and turns to this saga this week. Stay tuned.
Analyst, Independent Researcher and Tracker.
@AlvieriD
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