Will TikTok be banned? Microsoft is exploring purchase of the app after a conversation with President Trump.
Daniel Ives, an analyst with Wedbush Securities, said in a note to investors that with an acquisition, Microsoft would be throwing its"hat in the ring and trying to compete with other tech giants such as Facebook in a new avenue of growth for the next decade for its consumer business."
"For Microsoft this would be a big bet on the consumer social media space, which the company has stayed away from over the last decade," Ives wrote."Microsoft buying TikTok and these U.S. operations would resolve the security issues with this app." Contributing: John Fritze, Jefferson Graham, David Jackson, and Courtney Subramanian, USA TODAY; Associated Press
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