Uploaded on Aug 12, 2020
PPT on Twitter TikTok preliminary merger talks.
Twitter TikTok preliminary merger talks.
TWITTER TIKTOK PRELIMINARY
MERGER TALKS
INTRODUCTION
• Twitter Inc. has held early talks about a potential combination with TikTok,
the Chinese-owned video-sharing app.
• It’s unclear whether Twitter will pursue a deal, which would involve TikTok’s
US operations.
Source: LatestLY
TWITTER
• Twitter is an American micro blogging and social networking service
company.
• CEO: Jack Dorsey
• Founded: 2006
• Headquarter: San Francisco, USA
Source: LiveMint
TIKTOK
• TikTok is a Chinese video-sharing social networking service owned by
ByteDance, a Beijing-based Internet technology company.
• The app is available in 40 languages all across the world. Recently USA
has banned Tiktok for security threat.
Source: Zee News
MICROSOFT DEAL
• Microsoft has been negotiating for weeks with TikTok’s owner, Beijing-
based ByteDance Ltd., and is considered the front-runner for any
possible deal.
• Microsoft CEO Satya Nadella spoke with President Donald Trump about
the matter.
Source: Teller Report
TWITTER VS MICROSOFT
• Twitter’s market capitalization is about $29 billion, smaller than
Microsoft’s at more than $1.6 trillion.
• Twitter would almost certainly need help from other investors if it does
buy TikTok.
Source: YouTube
SHORT VIDEO ATTEMPT
BY TWITTER
• Jack Dorsey, the chief executive officer of Twitter, has had a failed
attempt at short-form video.
• It shut down the Vine app in 2016, four years after acquiring it.
Source: LiveMint
TRUMP’S ATTACK ON TWITTER
• The company has recently been under attack by President Trump, who
said that Twitter and Facebook Inc. are unfairly censoring him.
• Both platforms blocked a video shared by accounts linked to Trump for
violating their policies on corona virus misinformation.
Source: MarketWatch
RESPONCE OF TIKTOK ON THE BAN
BY TRUMPH
• TikTok plans to file a federal lawsuit to challenge President Trump’s
executive order banning the video-sharing service from the US.
• TikTok responded to the ban in a blog post, saying it was “shocked” and
would pursue all remedies available.
Source: LiveMint
USA~ CHINA
• The Trump administration’s actions against TikTok and Tencent-owned
WeChat are part of an escalating economic fight between the U.S. and
China.
• Other government entities and businesses have banned TikTok over
concerns that Chinese government authorities could demand access to
user data.
Source: The Hindu
INDIA BANNED TIKTOK
• In June, India banned the app and several other Chinese mobile
applications in amid a border clash between the two countries.
• The Government of India has banned 59 Chinese mobile applications to
counter the threat posed by these applications to the country's security.
Source: LiveMint
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